United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

United States Natural Gas Fund LP (NYSEARCA:UNG) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.99 and traded as high as $18.12. United States Natural Gas Fund shares last traded at $18.08, with a volume of 5,999,743 shares traded.

United States Natural Gas Fund Stock Performance

The company has a market capitalization of $355.27 million, a PE ratio of -15.04 and a beta of 0.15. The firm’s 50-day simple moving average is $16.97 and its 200 day simple moving average is $17.99.

Institutional Investors Weigh In On United States Natural Gas Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its position in shares of United States Natural Gas Fund by 5,325.8% in the 1st quarter. BNP Paribas Financial Markets now owns 1,636,789 shares of the exchange traded fund’s stock worth $35,371,000 after buying an additional 1,606,622 shares in the last quarter. Sourcerock Group LLC purchased a new stake in shares of United States Natural Gas Fund in the 4th quarter worth about $10,406,000. Jump Financial LLC purchased a new stake in shares of United States Natural Gas Fund in the 1st quarter worth about $11,447,000. Wells Fargo & Company MN boosted its position in shares of United States Natural Gas Fund by 0.8% in the 4th quarter. Wells Fargo & Company MN now owns 349,559 shares of the exchange traded fund’s stock worth $5,876,000 after buying an additional 2,644 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of United States Natural Gas Fund by 37,448.0% in the 4th quarter. Bank of America Corp DE now owns 244,062 shares of the exchange traded fund’s stock worth $4,103,000 after buying an additional 243,412 shares in 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.