United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down – Time to Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $16.37, but opened at $15.49. United States Natural Gas Fund shares last traded at $15.4090, with a volume of 3,206,287 shares.

United States Natural Gas Fund Trading Down 7.1%

The firm has a market cap of $731.03 million, a price-to-earnings ratio of -15.04 and a beta of -0.12. The firm’s 50 day simple moving average is $13.65 and its two-hundred day simple moving average is $14.14.

Institutional Investors Weigh In On United States Natural Gas Fund

Several institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers increased its stake in United States Natural Gas Fund by 51.1% during the 2nd quarter. Cetera Investment Advisers now owns 135,405 shares of the exchange traded fund’s stock worth $2,069,000 after acquiring an additional 45,783 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of United States Natural Gas Fund during the 1st quarter worth $378,000. Wealth Enhancement Advisory Services LLC increased its position in shares of United States Natural Gas Fund by 56.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 111,773 shares of the exchange traded fund’s stock worth $1,705,000 after purchasing an additional 40,153 shares during the period. Centric Wealth Management acquired a new position in United States Natural Gas Fund in the second quarter valued at about $1,222,000. Finally, Virtu Financial LLC bought a new stake in United States Natural Gas Fund during the first quarter worth about $1,824,000.

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.