United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG) gapped down prior to trading on Thursday . The stock had previously closed at $14.11, but opened at $13.79. United States Natural Gas Fund shares last traded at $13.88, with a volume of 532,389 shares traded.

United States Natural Gas Fund Stock Performance

The stock has a market cap of $775.97 million, a PE ratio of -11.60 and a beta of 0.17. The company’s 50-day moving average price is $14.36 and its 200 day moving average price is $15.59.

Institutional Investors Weigh In On United States Natural Gas Fund

Several hedge funds and other institutional investors have recently made changes to their positions in UNG. Daymark Wealth Partners LLC increased its position in United States Natural Gas Fund by 17.2% during the 3rd quarter. Daymark Wealth Partners LLC now owns 19,250 shares of the exchange traded fund’s stock valued at $314,000 after buying an additional 2,825 shares in the last quarter. International Assets Investment Management LLC purchased a new position in United States Natural Gas Fund in the 2nd quarter worth approximately $50,000. Sweet Financial Partners LLC lifted its stake in United States Natural Gas Fund by 18.7% in the 3rd quarter. Sweet Financial Partners LLC now owns 21,125 shares of the exchange traded fund’s stock worth $345,000 after purchasing an additional 3,325 shares in the last quarter. Creekmur Asset Management LLC purchased a new position in United States Natural Gas Fund in the 1st quarter worth approximately $63,000. Finally, Private Wealth Partners LLC raised its position in shares of United States Natural Gas Fund by 100.0% during the 3rd quarter. Private Wealth Partners LLC now owns 20,000 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 10,000 shares during the period.

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.