United States Natural Gas Fund (NYSEARCA:UNG) Hits New 12-Month Low – Here’s What Happened

United States Natural Gas Fund LP (NYSEARCA:UNG) hit a new 52-week low on Friday . The stock traded as low as $12.57 and last traded at $12.57, with a volume of 481854 shares trading hands. The stock had previously closed at $12.71.

United States Natural Gas Fund Stock Down 1.8 %

The business’s 50-day moving average price is $14.39 and its 200 day moving average price is $15.66. The company has a market capitalization of $719.47 million, a P/E ratio of -11.60 and a beta of 0.17.

Institutional Trading of United States Natural Gas Fund

Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company bought a new stake in shares of United States Natural Gas Fund during the 2nd quarter worth $4,034,000. Shah Capital Management bought a new stake in United States Natural Gas Fund during the first quarter worth about $3,124,000. Virtu Financial LLC bought a new stake in United States Natural Gas Fund during the first quarter worth about $861,000. International Assets Investment Management LLC boosted its holdings in shares of 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 worth $753,000 after purchasing an additional 43,246 shares in the last quarter. Finally, Insigneo Advisory Services LLC bought a new position in shares of United States Natural Gas Fund during the 2nd quarter valued at about $417,000.

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.