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

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $16.14, but opened at $15.34. United States Natural Gas Fund shares last traded at $15.18, with a volume of 1,656,362 shares changing hands.

United States Natural Gas Fund Price Performance

The business’s 50-day moving average price is $14.03 and its two-hundred day moving average price is $14.86. The firm has a market cap of $908.56 million, a price-to-earnings ratio of -11.60 and a beta of 0.17.

Institutional Trading of United States Natural Gas Fund

Several hedge funds and other institutional investors have recently bought and sold shares of UNG. The Manufacturers Life Insurance Company raised its holdings in shares of United States Natural Gas Fund by 135.7% during the third quarter. The Manufacturers Life Insurance Company now owns 545,504 shares of the exchange traded fund’s stock worth $8,908,000 after purchasing an additional 314,057 shares during the period. Quadrature Capital Ltd acquired a new stake in United States Natural Gas Fund during the third quarter worth about $6,751,000. Virtu Financial LLC bought a new position in United States Natural Gas Fund in the third quarter worth about $6,482,000. Cetera Investment Advisers boosted its stake in United States Natural Gas Fund by 13.5% in the second quarter. Cetera Investment Advisers now owns 117,826 shares of the exchange traded fund’s stock valued at $2,054,000 after acquiring an additional 14,052 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of United States Natural Gas Fund by 17.7% during the third quarter. Daiwa Securities Group Inc. now owns 88,893 shares of the exchange traded fund’s stock valued at $1,452,000 after purchasing an additional 13,400 shares during 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.