United States Natural Gas Fund (NYSEARCA:UNG) Reaches New 52-Week Low – Should You Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $11.48 and last traded at $11.85, with a volume of 24584201 shares changing hands. The stock had previously closed at $12.19.

United States Natural Gas Fund Stock Performance

The company has a market cap of $569.39 million, a PE ratio of -15.04 and a beta of -0.12. The stock’s 50-day simple moving average is $13.63 and its 200 day simple moving average is $13.86.

Hedge Funds Weigh In On United States Natural Gas Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in UNG. FNY Investment Advisers LLC purchased a new position in shares of United States Natural Gas Fund during the 3rd quarter worth approximately $104,000. Advisory Services Network LLC raised its position in United States Natural Gas Fund by 16.6% in the third quarter. Advisory Services Network LLC now owns 29,434 shares of the exchange traded fund’s stock worth $385,000 after acquiring an additional 4,199 shares in the last quarter. Verity Asset Management Inc. lifted its holdings in United States Natural Gas Fund by 49.8% in the third quarter. Verity Asset Management Inc. now owns 28,658 shares of the exchange traded fund’s stock valued at $375,000 after acquiring an additional 9,527 shares during the period. Prosperity Wealth Management Inc. purchased a new stake in shares of United States Natural Gas Fund during the 3rd quarter worth $312,000. Finally, National Bank of Canada FI grew its stake in shares of United States Natural Gas Fund by 139.2% during the 3rd quarter. National Bank of Canada FI now owns 10,549 shares of the exchange traded fund’s stock worth $138,000 after purchasing an additional 6,138 shares during the period.

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.