United States Natural Gas Fund (NYSEARCA:UNG) Reaches New 1-Year Low – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price reached a new 52-week low on Monday . The stock traded as low as $11.26 and last traded at $11.3630, with a volume of 3075143 shares trading hands. The stock had previously closed at $12.06.

United States Natural Gas Fund Trading Down 5.5%

The firm has a market capitalization of $548.62 million, a P/E ratio of -15.04 and a beta of -0.12. The business has a 50 day moving average of $13.65 and a 200-day moving average of $13.59.

Institutional Investors Weigh In On United States Natural Gas Fund

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its position in shares of United States Natural Gas Fund by 51.1% in the second quarter. Cetera Investment Advisers now owns 135,405 shares of the exchange traded fund’s stock worth $2,069,000 after purchasing an additional 45,783 shares in the last quarter. Farther Finance Advisors LLC grew its position in United States Natural Gas Fund by 52,535.0% in the third quarter. Farther Finance Advisors LLC now owns 52,635 shares of the exchange traded fund’s stock valued at $688,000 after purchasing an additional 52,535 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in United States Natural Gas Fund by 56.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 111,773 shares of the exchange traded fund’s stock valued at $1,705,000 after buying an additional 40,153 shares during the last quarter. Centric Wealth Management bought a new stake in United States Natural Gas Fund during the 2nd quarter worth about $1,222,000. Finally, Insigneo Advisory Services LLC boosted its stake in shares of United States Natural Gas Fund by 41.9% during the 2nd quarter. Insigneo Advisory Services LLC now owns 20,186 shares of the exchange traded fund’s stock worth $308,000 after buying an additional 5,963 shares during the last quarter.

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.