United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down – Time to Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price gapped down prior to trading on Friday . The stock had previously closed at $22.77, but opened at $22.20. United States Natural Gas Fund shares last traded at $22.31, with a volume of 872,034 shares traded.

United States Natural Gas Fund Stock Performance

The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -18.00 and a beta of 0.28. The business’s 50 day moving average price is $18.94 and its 200 day moving average price is $15.92.

Institutional Investors Weigh In On United States Natural Gas Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hobbs Group Advisors LLC acquired a new stake in United States Natural Gas Fund in the 3rd quarter valued at $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in United States Natural Gas Fund in the 4th quarter valued at $32,000. Transce3nd LLC acquired a new stake in United States Natural Gas Fund in the 4th quarter valued at $137,000. Freedom Investment Management Inc. purchased a new position in United States Natural Gas Fund in the 3rd quarter valued at $164,000. Finally, Northern Trust Corp lifted its holdings in United States Natural Gas Fund by 5.5% in the 4th quarter. Northern Trust Corp now owns 11,077 shares of the exchange traded fund’s stock valued at $186,000 after purchasing an additional 577 shares in the last quarter.

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.