United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Up to $13.48

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $13.48, but opened at $14.03. United States Natural Gas Fund shares last traded at $13.97, with a volume of 1,542,046 shares trading hands.

United States Natural Gas Fund Stock Up 3.3 %

The stock’s 50 day moving average is $14.27 and its 200-day moving average is $15.91. The company has a market cap of $802.49 million, a PE ratio of -11.60 and a beta of 0.17.

Hedge Funds Weigh In On United States Natural Gas Fund

A number of large investors have recently made changes to their positions in UNG. Cetera Investment Advisers grew its position in United States Natural Gas Fund by 13.5% in the 2nd quarter. Cetera Investment Advisers now owns 117,826 shares of the exchange traded fund’s stock valued at $2,054,000 after acquiring an additional 14,052 shares during the last quarter. Creative Planning bought a new stake in United States Natural Gas Fund during the 2nd quarter valued at about $379,000. The Manufacturers Life Insurance Company purchased a new stake in United States Natural Gas Fund in the 2nd quarter valued at about $4,034,000. Insigneo Advisory Services LLC bought a new position in United States Natural Gas Fund in the 2nd quarter worth about $417,000. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of United States Natural Gas Fund during the second quarter worth approximately $184,000.

United States Natural Gas Fund Company Profile

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.