United States Natural Gas Fund (NYSEARCA:UNG) Shares Up 5% – Here’s Why

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price shot up 5% during trading on Thursday . The stock traded as high as $15.30 and last traded at $15.27. 7,509,762 shares were traded during trading, an increase of 4% from the average session volume of 7,251,364 shares. The stock had previously closed at $14.54.

United States Natural Gas Fund Trading Up 3.1 %

The business’s fifty day simple moving average is $13.79 and its two-hundred day simple moving average is $15.00. The stock has a market capitalization of $914.91 million, a P/E ratio of -11.60 and a beta of 0.17.

Institutional Investors Weigh In On United States Natural Gas Fund

Institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its stake in shares of United States Natural Gas Fund by 135.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 545,504 shares of the exchange traded fund’s stock valued at $8,908,000 after purchasing an additional 314,057 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of United States Natural Gas Fund in the third quarter valued at approximately $6,751,000. Virtu Financial LLC acquired a new position in shares of United States Natural Gas Fund in the 3rd quarter worth approximately $6,482,000. Cetera Investment Advisers grew its position in United States Natural Gas Fund by 13.5% during the 2nd quarter. Cetera Investment Advisers now owns 117,826 shares of the exchange traded fund’s stock worth $2,054,000 after acquiring an additional 14,052 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in United States Natural Gas Fund by 17.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 88,893 shares of the exchange traded fund’s stock valued at $1,452,000 after purchasing an additional 13,400 shares during 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.