United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down to $15.50

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) gapped down before the market opened on Monday . The stock had previously closed at $15.50, but opened at $14.85. United States Natural Gas Fund shares last traded at $14.91, with a volume of 916,637 shares traded.

United States Natural Gas Fund Stock Performance

The firm has a market capitalization of $860.71 million, a P/E ratio of -11.60 and a beta of 0.17. The firm has a 50-day moving average of $18.16 and a 200-day moving average of $17.70.

Institutional Investors Weigh In On United States Natural Gas Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Creekmur Asset Management LLC purchased a new stake in shares of United States Natural Gas Fund in the 1st quarter worth $63,000. Principal Securities Inc. purchased a new stake in United States Natural Gas Fund in the 4th quarter worth $25,000. MeadowBrook Investment Advisors LLC purchased a new stake in United States Natural Gas Fund in the 4th quarter worth $31,000. Saxon Interests Inc. purchased a new stake in United States Natural Gas Fund in the 1st quarter worth $148,000. Finally, Choreo LLC purchased a new stake in United States Natural Gas Fund in the 4th quarter worth $56,000.

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.