United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Down 5% – Here’s What Happened

United States Natural Gas Fund LP (NYSEARCA:UNG) shares dropped 5% on Tuesday . The company traded as low as $16.33 and last traded at $16.30. Approximately 6,979,545 shares were traded during trading, a decline of 42% from the average daily volume of 12,091,153 shares. The stock had previously closed at $17.15.

United States Natural Gas Fund Stock Down 3.7 %

The stock’s 50 day moving average is $15.99 and its two-hundred day moving average is $14.79. The company has a market capitalization of $930.47 million, a PE ratio of -11.60 and a beta of 0.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC raised its position in shares of United States Natural Gas Fund by 1,506.8% in the 3rd quarter. International Assets Investment Management LLC now owns 46,116 shares of the exchange traded fund’s stock valued at $753,000 after purchasing an additional 43,246 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of United States Natural Gas Fund by 13.5% during the second quarter. Cetera Investment Advisers now owns 117,826 shares of the exchange traded fund’s stock worth $2,054,000 after buying an additional 14,052 shares during the period. Sweet Financial Partners LLC increased its position in shares of United States Natural Gas Fund by 18.7% in the 3rd quarter. Sweet Financial Partners LLC now owns 21,125 shares of the exchange traded fund’s stock valued at $345,000 after acquiring an additional 3,325 shares during the period. Daymark Wealth Partners LLC raised its stake in United States Natural Gas Fund by 17.2% in the 3rd quarter. Daymark Wealth Partners LLC now owns 19,250 shares of the exchange traded fund’s stock worth $314,000 after acquiring an additional 2,825 shares during the last quarter. Finally, Saxon Interests Inc. acquired a new stake in United States Natural Gas Fund during the 3rd quarter worth about $264,000.

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.