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

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $15.15, but opened at $14.29. United States Natural Gas Fund shares last traded at $14.32, with a volume of 2,514,490 shares trading hands.

United States Natural Gas Fund Price Performance

The business’s 50-day simple moving average is $14.33 and its two-hundred day simple moving average is $15.53. The stock has a market cap of $824.97 million, a price-to-earnings ratio of -11.60 and a beta of 0.17.

Institutional Investors Weigh In On United States Natural Gas Fund

Hedge funds have recently modified their holdings of the company. Hobbs Group Advisors LLC acquired a new stake in shares of United States Natural Gas Fund in the third quarter valued at about $29,000. International Assets Investment Management LLC bought a new stake in United States Natural Gas Fund in the second quarter valued at $50,000. Creekmur Asset Management LLC acquired a new stake in shares of United States Natural Gas Fund in the 1st quarter valued at about $63,000. Freedom Investment Management Inc. bought a new stake in shares of United States Natural Gas Fund during the third quarter valued at approximately $164,000. Finally, J.W. Cole Advisors Inc. acquired a new position in United States Natural Gas Fund during the second quarter worth $184,000.

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.