United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Down 4% – Should You Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG) shares traded down 4% on Thursday . The company traded as low as $21.48 and last traded at $21.46. 2,090,144 shares were traded during trading, a decline of 73% from the average session volume of 7,612,224 shares. The stock had previously closed at $22.35.

United States Natural Gas Fund Stock Performance

The stock’s fifty day simple moving average is $19.79 and its two-hundred day simple moving average is $16.39. The stock has a market capitalization of $511.74 million, a P/E ratio of -18.04 and a beta of 0.20.

Institutional Investors Weigh In On United States Natural Gas Fund

A number of institutional investors have recently modified their holdings of UNG. Hobbs Group Advisors LLC acquired a new position in shares of United States Natural Gas Fund during the 3rd quarter valued at $29,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of United States Natural Gas Fund during the 4th quarter valued at $32,000. Transce3nd LLC acquired a new position in shares of United States Natural Gas Fund during the 4th quarter valued at $137,000. Freedom Investment Management Inc. acquired a new position in shares of United States Natural Gas Fund during the 3rd quarter valued at $164,000. Finally, Northern Trust Corp lifted its position in shares of United States Natural Gas Fund by 5.5% during the 4th quarter. Northern Trust Corp now owns 11,077 shares of the exchange traded fund’s stock valued at $186,000 after acquiring an additional 577 shares during the period.

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.