United States Natural Gas Fund (NYSEARCA:UNG) Shares Climb 3.5% – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG) traded up 3.5% during trading on Wednesday. The stock traded as high as $11.09 and last traded at $11.1150. 8,328,682 shares were traded during mid-day trading, a decline of 41% from the average session volume of 14,062,158 shares. The stock had previously closed at $10.74.

United States Natural Gas Fund Stock Up 2.6%

The firm’s 50 day moving average is $10.30 and its two-hundred day moving average is $10.88. The stock has a market cap of $497.37 million, a price-to-earnings ratio of -15.04 and a beta of 0.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UNG. Sigma Planning Corp increased its stake in shares of United States Natural Gas Fund by 14.4% in the first quarter. Sigma Planning Corp now owns 13,642 shares of the exchange traded fund’s stock worth $160,000 after acquiring an additional 1,716 shares during the last quarter. Compass Financial Management LLC acquired a new stake in United States Natural Gas Fund during the second quarter valued at $26,000. Royal Bank of Canada grew its stake in United States Natural Gas Fund by 41.0% in the first quarter. Royal Bank of Canada now owns 7,538 shares of the exchange traded fund’s stock valued at $88,000 after purchasing an additional 2,192 shares in the last quarter. Fifth Third Bancorp acquired a new position in United States Natural Gas Fund in the 1st quarter worth about $37,000. Finally, Main Street Group LTD acquired a new position in United States Natural Gas Fund in the 1st quarter worth about $42,000.

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.