United States Natural Gas Fund (NYSEARCA:UNG) Trading 7.6% Higher – Here’s Why

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price rose 7.6% on Wednesday . The stock traded as high as $13.74 and last traded at $13.3060. Approximately 19,235,515 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 25,875,027 shares. The stock had previously closed at $12.37.

United States Natural Gas Fund Trading Up 9.5%

The company has a market capitalization of $965.44 million, a P/E ratio of -15.04 and a beta of -0.12. The business has a 50 day moving average price of $13.07 and a 200 day moving average price of $13.16.

Hedge Funds Weigh In On United States Natural Gas Fund

Several institutional investors and hedge funds have recently made changes to their positions in UNG. Flagship Harbor Advisors LLC acquired a new stake in United States Natural Gas Fund during the 4th quarter worth $36,000. Sound Income Strategies LLC increased its stake in United States Natural Gas Fund by 7.9% during the 4th quarter. Sound Income Strategies LLC now owns 12,711 shares of the exchange traded fund’s stock worth $156,000 after purchasing an additional 935 shares in the last quarter. Realta Investment Advisors raised its holdings in United States Natural Gas Fund by 139.0% during the 4th quarter. Realta Investment Advisors now owns 49,000 shares of the exchange traded fund’s stock worth $601,000 after buying an additional 28,500 shares during the period. Cooper Investors PTY Ltd. bought a new position in United States Natural Gas Fund in the fourth quarter valued at approximately $217,000. Finally, SG Americas Securities LLC increased its position in shares of United States Natural Gas Fund by 79.2% during the fourth quarter. SG Americas Securities LLC now owns 35,310 shares of the exchange traded fund’s stock worth $433,000 after acquiring an additional 15,610 shares in the last quarter.

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.