United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down – Should You Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG) shares gapped down prior to trading on Tuesday . The stock had previously closed at $21.61, but opened at $21.12. United States Natural Gas Fund shares last traded at $21.05, with a volume of 1,073,979 shares changing hands.

United States Natural Gas Fund Stock Up 1.7 %

The firm has a 50-day moving average of $20.27 and a two-hundred day moving average of $16.87. The company has a market capitalization of $508.36 million, a PE ratio of -17.89 and a beta of 0.14.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Northern Trust Corp increased its stake 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 worth $186,000 after purchasing an additional 577 shares during the period. BNP Paribas Financial Markets lifted its holdings in United States Natural Gas Fund by 5.8% during the 4th quarter. BNP Paribas Financial Markets now owns 30,167 shares of the exchange traded fund’s stock worth $507,000 after buying an additional 1,647 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in United States Natural Gas Fund during the 3rd quarter worth approximately $29,000. Mountain Hill Investment Partners Corp. purchased a new position in United States Natural Gas Fund in the 4th quarter valued at approximately $32,000. Finally, Wells Fargo & Company MN grew its stake in shares of United States Natural Gas Fund by 0.8% in the fourth quarter. Wells Fargo & Company MN now owns 349,559 shares of the exchange traded fund’s stock worth $5,876,000 after acquiring an additional 2,644 shares in the last quarter.

About United States Natural Gas Fund

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.