United States Natural Gas Fund (NYSEARCA:UNG) Trading Up 2.9% – Time to Buy?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price was up 2.9% during trading on Friday . The company traded as high as $15.89 and last traded at $15.82. Approximately 2,597,809 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 7,259,809 shares. The stock had previously closed at $15.37.

United States Natural Gas Fund Stock Up 0.7 %

The stock has a market cap of $892.42 million, a P/E ratio of -11.60 and a beta of 0.17. The company has a 50-day simple moving average of $13.98 and a two-hundred day simple moving average of $14.89.

Institutional Trading of United States Natural Gas Fund

A number of institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in United States Natural Gas Fund by 1,506.8% in the third quarter. International Assets Investment Management LLC now owns 46,116 shares of the exchange traded fund’s stock valued at $753,000 after acquiring an additional 43,246 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of 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 valued at $2,054,000 after purchasing an additional 14,052 shares in the last quarter. Daymark Wealth Partners LLC raised its stake in United States Natural Gas Fund by 17.2% in the third quarter. Daymark Wealth Partners LLC now owns 19,250 shares of the exchange traded fund’s stock worth $314,000 after buying an additional 2,825 shares in the last quarter. Sweet Financial Partners LLC grew its holdings in shares of United States Natural Gas Fund by 18.7% during the 3rd quarter. Sweet Financial Partners LLC now owns 21,125 shares of the exchange traded fund’s stock worth $345,000 after acquiring an additional 3,325 shares during the period. Finally, Creative Planning bought a new position in shares of United States Natural Gas Fund in the 2nd quarter worth approximately $379,000.

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.