United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Up – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $15.06, but opened at $15.84. United States Natural Gas Fund shares last traded at $15.7840, with a volume of 3,577,041 shares changing hands.

United States Natural Gas Fund Stock Performance

The firm has a market capitalization of $639.67 million, a PE ratio of -15.04 and a beta of -0.12. The stock has a fifty day moving average price of $13.09 and a 200-day moving average price of $13.16.

Hedge Funds Weigh In On United States Natural Gas Fund

Several institutional investors and hedge funds have recently modified their holdings of UNG. Comerica Bank increased its position in shares of United States Natural Gas Fund by 1,412.9% in the first quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 2,515 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in United States Natural Gas Fund in the 4th quarter valued at $36,000. Ancora Advisors LLC increased its holdings in United States Natural Gas Fund by 110.8% in the 3rd quarter. Ancora Advisors LLC now owns 6,850 shares of the exchange traded fund’s stock worth $90,000 after acquiring an additional 3,600 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in United States Natural Gas Fund by 55.0% during the third quarter. BNP Paribas Financial Markets now owns 7,305 shares of the exchange traded fund’s stock valued at $95,000 after purchasing an additional 2,593 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in United States Natural Gas Fund during the third quarter valued at $104,000.

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.