United States Natural Gas Fund (NYSEARCA:UNG) Shares Cross Above 200 Day Moving Average of $17.95

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.95 and traded as high as $18.46. United States Natural Gas Fund shares last traded at $17.98, with a volume of 5,883,219 shares changing hands.

United States Natural Gas Fund Stock Down 1.8 %

The business has a 50 day moving average price of $17.87 and a two-hundred day moving average price of $17.95. The stock has a market cap of $1.04 billion, a P/E ratio of -11.60 and a beta of 0.17.

Institutional Investors Weigh In On United States Natural Gas Fund

A number of hedge funds have recently made changes to their positions in UNG. Vawter Financial Ltd. grew its stake in shares of United States Natural Gas Fund by 25.0% in the 4th quarter. Vawter Financial Ltd. now owns 12,500 shares of the exchange traded fund’s stock worth $63,000 after buying an additional 2,500 shares in the last quarter. Round Rock Advisors LLC grew its position in United States Natural Gas Fund by 21.1% in the fourth quarter. Round Rock Advisors LLC now owns 16,214 shares of the exchange traded fund’s stock worth $82,000 after acquiring an additional 2,823 shares in the last quarter. Verity Asset Management Inc. increased its stake in United States Natural Gas Fund by 19.2% during the fourth quarter. Verity Asset Management Inc. now owns 25,140 shares of the exchange traded fund’s stock worth $127,000 after acquiring an additional 4,053 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in United States Natural Gas Fund during the first quarter valued at approximately $63,000. Finally, Principal Securities Inc. bought a new stake in shares of United States Natural Gas Fund in the 4th quarter valued at approximately $25,000.

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.