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

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) gapped up before the market opened on Monday . The stock had previously closed at $15.76, but opened at $18.63. United States Natural Gas Fund shares last traded at $19.15, with a volume of 7,164,595 shares.

United States Natural Gas Fund Stock Up 16.4 %

The business’s fifty day simple moving average is $14.03 and its two-hundred day simple moving average is $14.77. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -11.60 and a beta of 0.17.

Institutional Investors Weigh In On United States Natural Gas Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in shares of United States Natural Gas Fund during the third quarter worth about $6,482,000. Hobbs Group Advisors LLC purchased a new position in United States Natural Gas Fund during the 3rd quarter worth approximately $29,000. MML Investors Services LLC acquired a new position in United States Natural Gas Fund during the third quarter worth approximately $712,000. Quadrature Capital Ltd purchased a new stake in United States Natural Gas Fund in the third quarter valued at approximately $6,751,000. Finally, IHT Wealth Management LLC boosted its holdings in shares of United States Natural Gas Fund by 207.9% in the third quarter. IHT Wealth Management LLC now owns 31,025 shares of the exchange traded fund’s stock valued at $507,000 after acquiring an additional 20,949 shares during the period.

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.