United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Up to $18.68

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $18.81, but opened at $18.68. United States Natural Gas Fund shares last traded at $18.29, with a volume of 254,903 shares trading hands.

The firm has a 50-day simple moving average of $20.25 and a two-hundred day simple moving average of $20.24.

Several large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC acquired a new stake in shares of United States Natural Gas Fund in the second quarter worth approximately $207,000. Daiwa Securities Group Inc. grew its stake in shares of United States Natural Gas Fund by 15.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 32,975 shares of the exchange traded fund’s stock valued at $656,000 after buying an additional 4,500 shares during the period. Traynor Capital Management Inc. acquired a new stake in shares of United States Natural Gas Fund during the 2nd quarter worth $330,000. SG Americas Securities LLC raised its position in shares of United States Natural Gas Fund by 14.4% in the 2nd quarter. SG Americas Securities LLC now owns 36,540 shares of the exchange traded fund’s stock worth $727,000 after buying an additional 4,589 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in United States Natural Gas Fund by 379.4% in the second quarter. Wells Fargo & Company MN now owns 35,579 shares of the exchange traded fund’s stock valued at $707,000 after acquiring an additional 28,158 shares during the last quarter.

About United States Natural Gas Fund (NYSEARCA:UNG)

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.

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