International Assets Investment Management LLC boosted its holdings in shares of United States Natural Gas Fund LP (NYSEARCA:UNG – Free Report) by 1,506.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,116 shares of the exchange traded fund’s stock after purchasing an additional 43,246 shares during the period. International Assets Investment Management LLC owned approximately 0.08% of United States Natural Gas Fund worth $753,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in UNG. Capital Square LLC acquired a new stake in United States Natural Gas Fund during the first quarter valued at approximately $242,000. Avantax Advisory Services Inc. acquired a new stake in United States Natural Gas Fund during the first quarter valued at approximately $235,000. Shah Capital Management purchased a new stake in shares of United States Natural Gas Fund in the 1st quarter valued at approximately $3,124,000. Creekmur Asset Management LLC purchased a new stake in shares of United States Natural Gas Fund in the 1st quarter valued at approximately $63,000. Finally, Virtu Financial LLC purchased a new stake in shares of United States Natural Gas Fund in the 1st quarter valued at approximately $861,000.
United States Natural Gas Fund Stock Performance
Shares of NYSEARCA:UNG opened at $12.53 on Wednesday. The company has a market cap of $722.35 million, a PE ratio of -11.60 and a beta of 0.17. United States Natural Gas Fund LP has a 52 week low of $12.35 and a 52 week high of $27.84. The firm has a 50 day simple moving average of $14.39 and a 200 day simple moving average of $15.67.
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.
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