Investors Buy High Volume of Put Options on United States Natural Gas Fund (NYSEARCA:UNG)

United States Natural Gas Fund LP (NYSEARCA:UNG) was the recipient of unusually large options trading on Tuesday. Traders purchased 44,392 put options on the stock. This represents an increase of approximately 42% compared to the typical daily volume of 31,371 put options.

Institutional Investors Weigh In On United States Natural Gas Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Hobbs Group Advisors LLC acquired a new stake in United States Natural Gas Fund in the third quarter valued at approximately $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of United States Natural Gas Fund in the 4th quarter valued at $32,000. Transce3nd LLC bought a new stake in United States Natural Gas Fund in the fourth quarter worth $137,000. Freedom Investment Management Inc. acquired a new position in United States Natural Gas Fund during the third quarter worth $164,000. Finally, Northern Trust Corp raised its holdings in United States Natural Gas Fund by 5.5% during the fourth quarter. Northern Trust Corp now owns 11,077 shares of the exchange traded fund’s stock valued at $186,000 after buying an additional 577 shares in the last quarter.

United States Natural Gas Fund Trading Up 7.2 %

Shares of UNG traded up $1.58 during midday trading on Tuesday, hitting $23.53. The stock had a trading volume of 8,657,944 shares, compared to its average volume of 7,549,391. The business has a 50-day simple moving average of $18.35 and a two-hundred day simple moving average of $15.68. The firm has a market cap of $1.52 billion, a P/E ratio of -18.00 and a beta of 0.28. United States Natural Gas Fund has a fifty-two week low of $12.35 and a fifty-two week high of $24.13.

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.