United States 12 Month Natural Gas Fund LP (NYSEARCA:UNL) Short Interest Down 76.3% in June

United States 12 Month Natural Gas Fund LP (NYSEARCA:UNL) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 66,271 shares, a drop of 76.3% from the May 31st total of 279,750 shares. Based on an average daily trading volume, of 64,567 shares, the short-interest ratio is presently 1.0 days. Currently, 2.9% of the company’s stock are short sold.

United States 12 Month Natural Gas Fund Trading Up 0.2%

UNL opened at $6.50 on Friday. The stock has a 50-day moving average of $6.48 and a 200-day moving average of $6.95. United States 12 Month Natural Gas Fund has a 52-week low of $6.21 and a 52-week high of $9.21.

Institutional Investors Weigh In On United States 12 Month Natural Gas Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in United States 12 Month Natural Gas Fund during the fourth quarter worth approximately $47,000. StoneX Group Inc. acquired a new position in United States 12 Month Natural Gas Fund during the fourth quarter valued at approximately $92,000. Group One Trading LLC raised its position in shares of United States 12 Month Natural Gas Fund by 310.0% in the second quarter. Group One Trading LLC now owns 8,200 shares of the company’s stock valued at $71,000 after purchasing an additional 6,200 shares during the period. Finally, Jane Street Group LLC raised its position in shares of United States 12 Month Natural Gas Fund by 67.8% in the first quarter. Jane Street Group LLC now owns 68,782 shares of the company’s stock valued at $705,000 after purchasing an additional 27,793 shares during the period.

About United States 12 Month Natural Gas Fund

The United States 12 Month Natural Gas Fund, LP (UNL) is an exchange-traded security company. The Company’s investment objective 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 average of the prices of the Benchmark Futures Contracts, less UNL’s expenses. UNL seeks to achieve its investment objective by investing in a combination of Futures Contracts and other natural gas-related Investments such that the daily changes in its NAV, measured in percentage terms, will closely track the changes in the average in the prices of the Benchmark Futures Contracts, also measured in percentage terms.