United States Natural Gas Fund (NYSEARCA:UNG) Shares Up 4.5% – Should You Buy?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price rose 4.5% on Wednesday . The stock traded as high as $14.45 and last traded at $14.43. Approximately 1,320,885 shares were traded during trading, a decline of 82% from the average daily volume of 7,199,115 shares. The stock had previously closed at $13.81.

United States Natural Gas Fund Price Performance

The stock has a 50-day moving average price of $13.87 and a 200-day moving average price of $15.14. The firm has a market capitalization of $867.06 million, a PE ratio of -11.60 and a beta of 0.17.

Hedge Funds Weigh In On United States Natural Gas Fund

Several institutional investors and hedge funds have recently made changes to their positions in UNG. Virtu Financial LLC bought a new position in shares of United States Natural Gas Fund during the third quarter worth about $6,482,000. Hobbs Group Advisors LLC bought a new position in United States Natural Gas Fund during the 3rd quarter worth approximately $29,000. MML Investors Services LLC acquired a new position in shares of United States Natural Gas Fund in the 3rd quarter worth approximately $712,000. Quadrature Capital Ltd bought a new stake in shares of United States Natural Gas Fund in the 3rd quarter valued at approximately $6,751,000. Finally, IHT Wealth Management LLC increased its holdings in shares of United States Natural Gas Fund by 207.9% in the 3rd quarter. IHT Wealth Management LLC now owns 31,025 shares of the exchange traded fund’s stock valued at $507,000 after acquiring an additional 20,949 shares during the last quarter.

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.