United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Down 3%

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price fell 3% during mid-day trading on Wednesday . The stock traded as low as $14.04 and last traded at $14.04. 1,179,216 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 7,631,557 shares. The stock had previously closed at $14.48.

United States Natural Gas Fund Trading Down 3.0 %

The firm has a market capitalization of $754.65 million, a P/E ratio of -11.91 and a beta of 0.16. The firm has a 50 day moving average price of $15.62 and a 200-day moving average price of $21.08.

Institutional Investors Weigh In On United States Natural Gas Fund

Several hedge funds and other institutional investors have recently modified their holdings of UNG. JPMorgan Chase & Co. increased its holdings in United States Natural Gas Fund by 138.0% during the 1st quarter. JPMorgan Chase & Co. now owns 43,799 shares of the exchange traded fund’s stock worth $864,000 after purchasing an additional 25,395 shares during the period. NewEdge Advisors LLC purchased a new position in United States Natural Gas Fund during the 1st quarter worth $2,443,000. Flow Traders U.S. LLC increased its holdings in United States Natural Gas Fund by 14.8% during the 1st quarter. Flow Traders U.S. LLC now owns 38,666 shares of the exchange traded fund’s stock worth $762,000 after purchasing an additional 4,987 shares during the period. Royal Bank of Canada increased its holdings in United States Natural Gas Fund by 525.4% during the 1st quarter. Royal Bank of Canada now owns 134,892 shares of the exchange traded fund’s stock worth $2,659,000 after purchasing an additional 113,324 shares during the period. Finally, Virtu Financial LLC purchased a new position in United States Natural Gas Fund during the 1st quarter worth $11,345,000.

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.