Short Interest in United States Natural Gas Fund LP (NYSEARCA:UNG) Declines By 40.9%

United States Natural Gas Fund LP (NYSEARCA:UNG) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,103,119 shares, a decline of 40.9% from the April 15th total of 5,249,682 shares. Based on an average daily volume of 9,975,700 shares, the short-interest ratio is currently 0.3 days. Currently, 6.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On United States Natural Gas Fund

Large investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC bought a new stake in United States Natural Gas Fund in the fourth quarter worth $25,000. Comerica Bank increased its position in United States Natural Gas Fund by 1,412.9% in the first quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 2,515 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in United States Natural Gas Fund in the fourth quarter worth $36,000. Fifth Third Bancorp bought a new stake in United States Natural Gas Fund in the first quarter worth $37,000. Finally, Main Street Group LTD bought a new stake in United States Natural Gas Fund in the first quarter worth $42,000.

United States Natural Gas Fund Trading Up 2.1%

UNG traded up $0.25 during trading hours on Tuesday, hitting $11.79. The company’s stock had a trading volume of 3,058,654 shares, compared to its average volume of 15,502,905. The business’s 50-day moving average price is $11.37 and its 200-day moving average price is $12.46. United States Natural Gas Fund has a 12 month low of $9.95 and a 12 month high of $18.12. The stock has a market cap of $572.16 million, a price-to-earnings ratio of -15.04 and a beta of 0.03.

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.