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

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price gapped up prior to trading on Friday . The stock had previously closed at $13.81, but opened at $14.35. United States Natural Gas Fund shares last traded at $14.44, with a volume of 1,856,515 shares traded.

United States Natural Gas Fund Stock Performance

The company has a 50 day moving average of $14.31 and a two-hundred day moving average of $15.48. The stock has a market capitalization of $838.23 million, a PE ratio of -11.60 and a beta of 0.17.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Quadrature Capital Ltd acquired a new position in United States Natural Gas Fund in the 3rd quarter worth approximately $6,751,000. Virtu Financial LLC acquired a new stake in shares of United States Natural Gas Fund in the third quarter worth $6,482,000. The Manufacturers Life Insurance Company raised its holdings in shares of United States Natural Gas Fund by 135.7% during the third quarter. The Manufacturers Life Insurance Company now owns 545,504 shares of the exchange traded fund’s stock worth $8,908,000 after purchasing an additional 314,057 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in United States Natural Gas Fund during the second quarter valued at $4,034,000. Finally, CreativeOne Wealth LLC purchased a new stake in United States Natural Gas Fund in the third quarter valued at $1,106,000.

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.