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

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $11.63, but opened at $11.25. United States Natural Gas Fund shares last traded at $11.1050, with a volume of 8,740,479 shares traded.

United States Natural Gas Fund Trading Down 4.3%

The company has a 50 day simple moving average of $13.60 and a 200 day simple moving average of $13.49. The stock has a market cap of $520.11 million, a P/E ratio of -15.04 and a beta of -0.12.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Comerica Bank increased its stake in United States Natural Gas Fund by 1,412.9% in the 1st quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 2,515 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of United States Natural Gas Fund by 490.7% in the 1st quarter. Royal Bank of Canada now owns 14,880 shares of the exchange traded fund’s stock valued at $322,000 after acquiring an additional 12,361 shares in the last quarter. Bard Financial Services Inc. grew its holdings in shares of United States Natural Gas Fund by 12.5% in the 2nd quarter. Bard Financial Services Inc. now owns 31,500 shares of the exchange traded fund’s stock valued at $481,000 after acquiring an additional 3,500 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of United States Natural Gas Fund by 56.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 111,773 shares of the exchange traded fund’s stock valued at $1,705,000 after acquiring an additional 40,153 shares during the last quarter. Finally, FSA Wealth Partners Inc. bought a new stake in United States Natural Gas Fund during the second quarter worth about $560,000.

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.