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

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $18.22, but opened at $17.73. United States Natural Gas Fund shares last traded at $17.94, with a volume of 1,304,035 shares trading hands.

United States Natural Gas Fund Stock Performance

The business’s 50 day moving average is $15.09 and its 200-day moving average is $14.64. The stock has a market cap of $1.11 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kieckhefer Group LLC acquired a new position in shares of United States Natural Gas Fund during the 4th quarter valued at about $641,000. Virtu Financial LLC acquired a new position in shares of United States Natural Gas Fund during the 3rd quarter valued at about $6,482,000. Hobbs Group Advisors LLC acquired a new position in shares of United States Natural Gas Fund during the 3rd quarter valued at about $29,000. MML Investors Services LLC acquired a new position in shares of United States Natural Gas Fund during the 3rd quarter valued at about $712,000. Finally, Quadrature Capital Ltd acquired a new position in shares of United States Natural Gas Fund during the 3rd quarter valued at about $6,751,000.

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.