United States Natural Gas Fund (NYSEARCA:UNG) Trading Down 3.5%

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price fell 3.5% during mid-day trading on Wednesday . The stock traded as low as $13.39 and last traded at $13.40. 2,953,201 shares changed hands during trading, a decline of 59% from the average session volume of 7,130,707 shares. The stock had previously closed at $13.89.

United States Natural Gas Fund Trading Up 1.0 %

The company has a market capitalization of $825.55 million, a PE ratio of -11.60 and a beta of 0.17. The stock’s fifty day moving average is $14.40 and its two-hundred day moving average is $15.93.

Institutional Investors Weigh In On United States Natural Gas Fund

Hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers increased its stake in shares of 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 worth $2,054,000 after purchasing an additional 14,052 shares in the last quarter. Creative Planning purchased a new position in United States Natural Gas Fund in the 2nd quarter worth approximately $379,000. The Manufacturers Life Insurance Company bought a new stake in United States Natural Gas Fund in the second quarter valued at approximately $4,034,000. Insigneo Advisory Services LLC purchased a new stake in shares of United States Natural Gas Fund during the second quarter valued at approximately $417,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of United States Natural Gas Fund during the second quarter valued at approximately $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.