United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG) shares gapped down before the market opened on Friday . The stock had previously closed at $17.01, but opened at $16.18. United States Natural Gas Fund shares last traded at $16.20, with a volume of 1,865,683 shares changing hands.

United States Natural Gas Fund Trading Down 8.3 %

The company has a market capitalization of $898.76 million, a PE ratio of -11.60 and a beta of 0.17. The business’s fifty day moving average is $14.33 and its two-hundred day moving average is $14.70.

Institutional Investors Weigh In On United States Natural Gas Fund

Several large investors have recently bought and sold shares of UNG. Hobbs Group Advisors LLC bought a new position in United States Natural Gas Fund during the 3rd quarter valued at about $29,000. Freedom Investment Management Inc. purchased a new position in shares of United States Natural Gas Fund during the third quarter valued at approximately $164,000. J.W. Cole Advisors Inc. bought a new position in United States Natural Gas Fund during the second quarter valued at approximately $184,000. Hourglass Capital LLC purchased a new stake in United States Natural Gas Fund in the third quarter worth approximately $204,000. Finally, Security National Bank purchased a new stake in United States Natural Gas Fund during the 3rd quarter valued at $262,000.

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.