Barclays PLC Cuts Stock Holdings in United States Natural Gas Fund LP (NYSEARCA:UNG)

Barclays PLC cut its stake in shares of United States Natural Gas Fund LP (NYSEARCA:UNG) by 95.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 76,214 shares of the exchange traded fund’s stock after selling 1,642,322 shares during the period. Barclays PLC owned 0.13% of United States Natural Gas Fund worth $1,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Hobbs Group Advisors LLC purchased a new stake in shares of United States Natural Gas Fund during the 3rd quarter valued at about $29,000. Freedom Investment Management Inc. purchased a new stake in shares of United States Natural Gas Fund during the third quarter valued at approximately $164,000. J.W. Cole Advisors Inc. acquired a new position in shares of United States Natural Gas Fund during the second quarter worth $184,000. Hourglass Capital LLC purchased a new position in shares of United States Natural Gas Fund in the third quarter valued at $204,000. Finally, Security National Bank acquired a new stake in United States Natural Gas Fund during the 3rd quarter valued at $262,000.

United States Natural Gas Fund Stock Performance

Shares of UNG stock opened at $18.22 on Tuesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -11.60 and a beta of 0.17. United States Natural Gas Fund LP has a one year low of $12.35 and a one year high of $24.35. The company’s 50-day simple moving average is $14.85 and its 200-day simple moving average is $14.60.

United States Natural Gas Fund 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.