United States Natural Gas Fund (NYSEARCA:UNG) Reaches New 52-Week Low at $13.57

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) hit a new 52-week low during trading on Friday . The company traded as low as $13.57 and last traded at $13.67, with a volume of 1976147 shares. The stock had previously closed at $13.75.

United States Natural Gas Fund Price Performance

The business’s 50 day moving average price is $17.71 and its 200 day moving average price is $17.28. The stock has a market capitalization of $778.85 million, a P/E ratio of -11.60 and a beta of 0.17.

Institutional Trading of United States Natural Gas Fund

A number of large investors have recently made changes to their positions in the stock. Texas Capital Bank Wealth Management Services Inc grew its stake in shares of United States Natural Gas Fund by 47.1% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 500,000 shares of the exchange traded fund’s stock worth $2,535,000 after acquiring an additional 160,000 shares during the period. Jump Financial LLC bought a new stake in United States Natural Gas Fund during the fourth quarter valued at approximately $1,780,000. Daiwa Securities Group Inc. grew its position in United States Natural Gas Fund by 32.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 285,875 shares of the exchange traded fund’s stock valued at $1,449,000 after buying an additional 70,300 shares during the period. Shah Capital Management bought a new stake in United States Natural Gas Fund during the first quarter valued at approximately $3,124,000. Finally, Advisory Services Network LLC grew its position in United States Natural Gas Fund by 12.1% during the fourth quarter. Advisory Services Network LLC now owns 178,551 shares of the exchange traded fund’s stock valued at $905,000 after buying an additional 19,209 shares during the period.

About United States Natural Gas Fund

United States Natural Gas Fund, LP is a limited partnership. The Company is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of the Company is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of natural gas delivered at the Henry Hub, Louisiana, as measured by the daily changes in the price of the futures contracts on natural gas traded on the New York Mercantile Exchange (the NYMEX) that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire (the Benchmark Futures Contract), less its expenses.