Stock Traders Purchase High Volume of Call Options on United States Natural Gas Fund (NYSEARCA:UNG)

United States Natural Gas Fund LP (NYSEARCA:UNG) was the recipient of some unusual options trading activity on Friday. Investors purchased 97,187 call options on the stock. This represents an increase of 166% compared to the average daily volume of 36,475 call options.

United States Natural Gas Fund Stock Performance

Shares of NYSEARCA:UNG opened at $10.40 on Friday. United States Natural Gas Fund has a 52 week low of $10.38 and a 52 week high of $24.33. The firm has a market cap of $479.96 million, a PE ratio of -15.04 and a beta of -0.12. The firm’s fifty day moving average is $13.51 and its 200-day moving average is $13.43.

Institutional Investors Weigh In On United States Natural Gas Fund

Institutional investors have recently made changes to their positions in the stock. Comerica Bank raised its position in shares of United States Natural Gas Fund by 1,412.9% during the first quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 2,515 shares during the last quarter. Ancora Advisors LLC increased its position in United States Natural Gas Fund by 110.8% during the 3rd quarter. Ancora Advisors LLC now owns 6,850 shares of the exchange traded fund’s stock valued at $90,000 after purchasing an additional 3,600 shares during the period. BNP Paribas Financial Markets raised its holdings in United States Natural Gas Fund by 55.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,305 shares of the exchange traded fund’s stock worth $95,000 after purchasing an additional 2,593 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of United States Natural Gas Fund in the 3rd quarter worth approximately $104,000. Finally, National Bank of Canada FI boosted its stake in shares of United States Natural Gas Fund by 139.2% in the 3rd quarter. National Bank of Canada FI now owns 10,549 shares of the exchange traded fund’s stock valued at $138,000 after purchasing an additional 6,138 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.