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

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price gapped up before the market opened on Monday . The stock had previously closed at $15.59, but opened at $17.01. United States Natural Gas Fund shares last traded at $16.88, with a volume of 3,294,036 shares changing hands.

United States Natural Gas Fund Stock Up 9.0 %

The firm has a 50 day moving average price of $14.33 and a two-hundred day moving average price of $14.67. The company has a market capitalization of $979.47 million, a price-to-earnings ratio of -11.60 and a beta of 0.17.

Institutional Trading of United States Natural Gas Fund

Several large investors have recently modified their holdings of the business. Hobbs Group Advisors LLC bought a new position in shares of United States Natural Gas Fund during the third quarter worth about $29,000. Daymark Wealth Partners LLC lifted its position in shares of United States Natural Gas Fund by 17.2% during the third quarter. Daymark Wealth Partners LLC now owns 19,250 shares of the exchange traded fund’s stock worth $314,000 after purchasing an additional 2,825 shares during the last quarter. Sweet Financial Partners LLC lifted its position in shares of United States Natural Gas Fund by 18.7% during the third quarter. Sweet Financial Partners LLC now owns 21,125 shares of the exchange traded fund’s stock worth $345,000 after purchasing an additional 3,325 shares during the last quarter. Private Wealth Partners LLC lifted its position in shares of United States Natural Gas Fund by 100.0% during the third quarter. Private Wealth Partners LLC now owns 20,000 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Freedom Investment Management Inc. bought a new position in shares of United States Natural Gas Fund during the third quarter worth about $164,000.

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.