United States Natural Gas Fund LP (NYSEARCA:UNG) Sees Large Increase in Short Interest

United States Natural Gas Fund LP (NYSEARCA:UNG) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 6,172,009 shares, an increase of 85.0% from the September 15th total of 3,336,278 shares. Approximately 13.7% of the shares of the company are short sold. Based on an average daily trading volume, of 33,570,497 shares, the short-interest ratio is currently 0.2 days.

United States Natural Gas Fund Stock Performance

United States Natural Gas Fund stock traded down $0.46 during mid-day trading on Friday, reaching $10.63. The company’s stock had a trading volume of 19,724,632 shares, compared to its average volume of 14,780,471. United States Natural Gas Fund has a 12-month low of $9.55 and a 12-month high of $17.02. The company has a market capitalization of $473.79 million, a P/E ratio of -15.04 and a beta of 0.21. The firm’s fifty day moving average price is $10.47 and its two-hundred day moving average price is $10.83.

Hedge Funds Weigh In On United States Natural Gas Fund

Several hedge funds have recently made changes to their positions in the stock. Realta Investment Advisors lifted its holdings in United States Natural Gas Fund by 14.3% during the 1st quarter. Realta Investment Advisors now owns 56,000 shares of the exchange traded fund’s stock worth $657,000 after purchasing an additional 7,000 shares in the last quarter. SG Americas Securities LLC boosted its stake in United States Natural Gas Fund by 50.7% in the 1st quarter. SG Americas Securities LLC now owns 53,210 shares of the exchange traded fund’s stock worth $624,000 after purchasing an additional 17,900 shares during the period. Main Street Group LTD bought a new position in United States Natural Gas Fund in the 1st quarter worth about $42,000. Sigma Planning Corp grew its holdings in United States Natural Gas Fund by 14.4% during the 1st quarter. Sigma Planning Corp now owns 13,642 shares of the exchange traded fund’s stock valued at $160,000 after buying an additional 1,716 shares in the last quarter. Finally, Compound Planning Inc. grew its holdings in United States Natural Gas Fund by 23.5% during the 1st quarter. Compound Planning Inc. now owns 25,782 shares of the exchange traded fund’s stock valued at $302,000 after buying an additional 4,901 shares in 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.