United States Natural Gas Fund (NYSEARCA:UNG) Trading Down 3%

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price fell 3% during mid-day trading on Wednesday . The stock traded as low as $14.04 and last traded at $14.04. 1,179,216 shares traded hands during trading, a decline of 85% from the average session volume of 7,631,557 shares. The stock had previously closed at $14.48.

United States Natural Gas Fund Stock Performance

The company has a market capitalization of $775.08 million, a P/E ratio of -11.91 and a beta of 0.16. The firm’s fifty day moving average is $15.48 and its 200-day moving average is $20.90.

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 the stock. Saxon Interests Inc. bought a new stake in shares of United States Natural Gas Fund during the 1st quarter valued at approximately $148,000. MONECO Advisors LLC bought a new stake in United States Natural Gas Fund during the 4th quarter worth approximately $63,000. Bbjs Financial Advisors LLC grew its holdings in United States Natural Gas Fund by 37.0% during the 4th quarter. Bbjs Financial Advisors LLC now owns 683,875 shares of the exchange traded fund’s stock worth $3,467,000 after acquiring an additional 184,662 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in United States Natural Gas Fund by 84.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 35,000 shares of the exchange traded fund’s stock worth $177,000 after acquiring an additional 16,030 shares during the last quarter. Finally, Barclays PLC raised its position in United States Natural Gas Fund by 90.0% during the 4th quarter. Barclays PLC now owns 266,065 shares of the exchange traded fund’s stock worth $1,349,000 after purchasing an additional 126,004 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.