United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Up 4.2% – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG) shot up 4.2% on Thursday. The company traded as high as $11.14 and last traded at $11.3240. 15,251,557 shares traded hands during trading, an increase of 16% from the average daily volume of 13,117,588 shares. The stock had previously closed at $10.87.

United States Natural Gas Fund Stock Performance

The stock’s 50-day moving average is $10.28 and its 200 day moving average is $10.99. The firm has a market cap of $603.80 million, a P/E ratio of -15.04 and a beta of 0.05.

Institutional Investors Weigh In On United States Natural Gas Fund

Several large investors have recently modified their holdings of UNG. Axiom Investment Management LLC acquired a new stake in shares of United States Natural Gas Fund during the first quarter worth about $229,000. Compass Financial Management LLC acquired a new position in shares of United States Natural Gas Fund in the 2nd quarter valued at approximately $26,000. Realta Investment Advisors grew its position in shares of United States Natural Gas Fund by 14.3% in the 1st quarter. Realta Investment Advisors now owns 56,000 shares of the exchange traded fund’s stock valued at $657,000 after purchasing an additional 7,000 shares during the period. SG Americas Securities LLC increased its stake in United States Natural Gas Fund by 50.7% during the 1st quarter. SG Americas Securities LLC now owns 53,210 shares of the exchange traded fund’s stock worth $624,000 after purchasing an additional 17,900 shares in the last quarter. Finally, Main Street Group LTD bought a new stake in United States Natural Gas Fund during the 1st quarter worth approximately $42,000.

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.