United States Natural Gas Fund (NYSEARCA:UNG) Trading Up 4.6% – Here’s What Happened

United States Natural Gas Fund LP (NYSEARCA:UNG) shot up 4.6% during mid-day trading on Wednesday . The company traded as high as $16.79 and last traded at $16.72. 1,788,864 shares traded hands during trading, a decline of 86% from the average session volume of 13,046,275 shares. The stock had previously closed at $15.99.

United States Natural Gas Fund Stock Up 7.7 %

The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -11.60 and a beta of 0.17. The stock has a 50 day moving average of $14.63 and a 200 day moving average of $14.67.

Institutional Trading of United States Natural Gas Fund

Several hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in United States Natural Gas Fund by 1,506.8% in the 3rd quarter. International Assets Investment Management LLC now owns 46,116 shares of the exchange traded fund’s stock valued at $753,000 after buying an additional 43,246 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of United States Natural Gas Fund by 13.5% in the second quarter. Cetera Investment Advisers now owns 117,826 shares of the exchange traded fund’s stock valued at $2,054,000 after acquiring an additional 14,052 shares in the last quarter. Sweet Financial Partners LLC raised its holdings in United States Natural Gas Fund by 18.7% during the third quarter. Sweet Financial Partners LLC now owns 21,125 shares of the exchange traded fund’s stock worth $345,000 after purchasing an additional 3,325 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in United States Natural Gas Fund by 17.2% in the third quarter. Daymark Wealth Partners LLC now owns 19,250 shares of the exchange traded fund’s stock worth $314,000 after purchasing an additional 2,825 shares during the period. Finally, Saxon Interests Inc. bought a new position in United States Natural Gas Fund during the 3rd quarter valued at $264,000.

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.