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) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

United States Natural Gas Fund Trading Up 2.8%

The company has a market capitalization of $355.27 million, a price-to-earnings 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.

Hedge Funds Weigh In On United States Natural Gas Fund

Several institutional investors have recently bought and sold shares of UNG. Northern Trust Corp boosted its position in shares of United States Natural Gas Fund by 5.5% during the 4th quarter. Northern Trust Corp now owns 11,077 shares of the exchange traded fund’s stock worth $186,000 after purchasing an additional 577 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of United States Natural Gas Fund by 5.8% during the 4th quarter. BNP Paribas Financial Markets now owns 30,167 shares of the exchange traded fund’s stock worth $507,000 after purchasing an additional 1,647 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in shares of United States Natural Gas Fund during the 4th quarter worth $32,000. Comerica Bank boosted its position in shares of United States Natural Gas Fund by 1,412.9% during the 1st quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 2,515 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of United States Natural Gas Fund by 0.8% during the 4th quarter. Wells Fargo & Company MN now owns 349,559 shares of the exchange traded fund’s stock worth $5,876,000 after purchasing an additional 2,644 shares in the last quarter.

United States Natural Gas Fund Company 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.