United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Down 3.1% – Should You Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price was down 3.1% on Wednesday . The stock traded as low as $12.33 and last traded at $12.5050. Approximately 8,224,408 shares changed hands during trading, a decline of 14% from the average daily volume of 9,555,815 shares. The stock had previously closed at $12.90.

United States Natural Gas Fund Price Performance

The stock’s fifty day simple moving average is $13.65 and its 200-day simple moving average is $13.83. The firm has a market cap of $593.32 million, a PE ratio of -15.04 and a beta of -0.12.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Insigneo Advisory Services LLC raised its stake in shares of United States Natural Gas Fund by 3.9% in the third quarter. Insigneo Advisory Services LLC now owns 20,965 shares of the exchange traded fund’s stock worth $274,000 after purchasing an additional 779 shares during the last quarter. Scotia Capital Inc. raised its position in United States Natural Gas Fund by 6.8% during the 2nd quarter. Scotia Capital Inc. now owns 18,882 shares of the exchange traded fund’s stock worth $289,000 after buying an additional 1,205 shares during the last quarter. Prospera Financial Services Inc lifted its stake in United States Natural Gas Fund by 11.0% during the 3rd quarter. Prospera Financial Services Inc now owns 13,374 shares of the exchange traded fund’s stock valued at $175,000 after acquiring an additional 1,320 shares during the period. Comerica Bank boosted its holdings in shares of United States Natural Gas Fund by 1,412.9% in the 1st quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 2,515 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of United States Natural Gas Fund by 55.0% in the third quarter. BNP Paribas Financial Markets now owns 7,305 shares of the exchange traded fund’s stock worth $95,000 after acquiring an additional 2,593 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.