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

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) gapped up before the market opened on Monday . The stock had previously closed at $21.33, but opened at $22.12. United States Natural Gas Fund shares last traded at $21.62, with a volume of 1,079,814 shares trading hands.

United States Natural Gas Fund Stock Performance

The stock has a market cap of $499.91 million, a P/E ratio of -17.89 and a beta of 0.14. The company has a 50-day simple moving average of $20.22 and a 200-day simple moving average of $16.84.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in shares of United States Natural Gas Fund by 135.7% in the third quarter. The Manufacturers Life Insurance Company now owns 545,504 shares of the exchange traded fund’s stock valued at $8,908,000 after purchasing an additional 314,057 shares in the last quarter. Captrust Financial Advisors boosted its position in United States Natural Gas Fund by 104.8% in the 3rd quarter. Captrust Financial Advisors now owns 28,042 shares of the exchange traded fund’s stock valued at $458,000 after buying an additional 14,351 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of United States Natural Gas Fund by 207.9% in the 3rd quarter. IHT Wealth Management LLC now owns 31,025 shares of the exchange traded fund’s stock valued at $507,000 after buying an additional 20,949 shares during the period. Quadrature Capital Ltd bought a new stake in shares of United States Natural Gas Fund during the third quarter worth $6,751,000. Finally, MML Investors Services LLC acquired a new position in shares of United States Natural Gas Fund during the third quarter valued at $712,000.

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.