United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Up 3% – Should You Buy?

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) traded up 3% on Thursday . The stock traded as high as $21.97 and last traded at $21.69. 1,063,869 shares were traded during trading, a decline of 86% from the average session volume of 7,598,213 shares. The stock had previously closed at $21.05.

United States Natural Gas Fund Price Performance

The business has a fifty day moving average of $20.37 and a 200-day moving average of $16.94. The stock has a market capitalization of $483.97 million, a price-to-earnings ratio of -17.89 and a beta of 0.14.

Institutional Trading of United States Natural Gas Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hobbs Group Advisors LLC purchased a new stake in shares of United States Natural Gas Fund during the third quarter valued at $29,000. Mountain Hill Investment Partners Corp. purchased a new stake in United States Natural Gas Fund during the fourth quarter valued at about $32,000. Transce3nd LLC purchased a new stake in United States Natural Gas Fund during the fourth quarter valued at about $137,000. Northern Trust Corp increased its position in shares of United States Natural Gas Fund by 5.5% in the fourth quarter. Northern Trust Corp now owns 11,077 shares of the exchange traded fund’s stock worth $186,000 after acquiring an additional 577 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of United States Natural Gas Fund in the fourth quarter worth approximately $267,000.

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.