United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down – Here’s Why

United States Natural Gas Fund LP (NYSEARCA:UNG) gapped down prior to trading on Friday. The stock had previously closed at $11.55, but opened at $11.05. United States Natural Gas Fund shares last traded at $10.9870, with a volume of 5,057,925 shares trading hands.

United States Natural Gas Fund Stock Performance

The business’s 50-day moving average is $10.27 and its two-hundred day moving average is $10.99. The stock has a market capitalization of $596.64 million, a PE ratio of -15.04 and a beta of 0.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its position in shares of United States Natural Gas Fund by 8.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 132,193 shares of the exchange traded fund’s stock valued at $1,621,000 after buying an additional 10,000 shares in the last quarter. Realta Investment Advisors lifted its holdings in 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 worth $657,000 after buying an additional 7,000 shares in the last quarter. SG Americas Securities LLC boosted its holdings in United States Natural Gas Fund by 50.7% in the first quarter. SG Americas Securities LLC now owns 53,210 shares of the exchange traded fund’s stock valued at $624,000 after purchasing an additional 17,900 shares during the last quarter. Compound Planning Inc. grew its holdings in United States Natural Gas Fund by 23.5% during the 1st quarter. Compound Planning Inc. now owns 25,782 shares of the exchange traded fund’s stock worth $302,000 after acquiring an additional 4,901 shares in the last quarter. Finally, Axiom Investment Management LLC acquired a new position in shares of United States Natural Gas Fund in the 1st quarter worth approximately $229,000.

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.