United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Down 4.5% – Should You Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG) was down 4.5% during mid-day trading on Thursday . The company traded as low as $12.13 and last traded at $12.0760. Approximately 9,896,459 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 9,395,674 shares. The stock had previously closed at $12.64.

United States Natural Gas Fund Price Performance

The firm’s fifty day moving average is $13.66 and its 200-day moving average is $13.98. The firm has a market cap of $578.04 million, a price-to-earnings ratio of -15.04 and a beta of -0.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in United States Natural Gas Fund by 5,325.8% during the 1st quarter. BNP Paribas Financial Markets now owns 1,636,789 shares of the exchange traded fund’s stock valued at $35,371,000 after buying an additional 1,606,622 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of United States Natural Gas Fund during the 3rd quarter worth approximately $7,376,000. Virtu Financial LLC purchased a new stake in United States Natural Gas Fund during the third quarter valued at $5,004,000. Flow Traders U.S. LLC bought a new stake in United States Natural Gas Fund during the third quarter worth approximately $4,665,000. Finally, JPMorgan Chase & Co. increased its position in United States Natural Gas Fund by 258.7% during the third quarter. JPMorgan Chase & Co. now owns 220,620 shares of the exchange traded fund’s stock valued at $2,884,000 after acquiring an additional 159,117 shares during the last quarter.

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.