United States 12 Month Natural Gas Fund (NYSEARCA:UNL) Stock Price Down 3.1% – Here’s What Happened

United States 12 Month Natural Gas Fund LP (NYSEARCA:UNL)’s stock price fell 3.1% on Monday . The stock traded as low as $7.22 and last traded at $7.22. 72,617 shares were traded during mid-day trading, an increase of 26% from the average session volume of 57,601 shares. The stock had previously closed at $7.45.

United States 12 Month Natural Gas Fund Price Performance

The firm’s 50 day moving average price is $7.52 and its two-hundred day moving average price is $7.89.

Institutional Trading of United States 12 Month Natural Gas Fund

A hedge fund recently raised its stake in United States 12 Month Natural Gas Fund stock. Commonwealth Equity Services LLC raised its position in United States 12 Month Natural Gas Fund LP (NYSEARCA:UNL) by 28.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 44,543 shares of the company’s stock after acquiring an additional 9,963 shares during the period. Commonwealth Equity Services LLC owned approximately 1.94% of United States 12 Month Natural Gas Fund worth $368,000 as of its most recent filing with the SEC.

United States 12 Month Natural Gas Fund Company Profile

The United States 12 Month Natural Gas Fund, LP (UNL) is an exchange-traded security company. The Company’s investment objective 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 average of the prices of the Benchmark Futures Contracts, less UNL’s expenses.