United States 12 Month Natural Gas Fund LP (NYSEARCA:UNL) Short Interest Update

United States 12 Month Natural Gas Fund LP (NYSEARCA:UNL) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 66,271 shares, a drop of 76.3% from the May 31st total of 279,750 shares. Based on an average daily trading volume, of 64,567 shares, the short-interest ratio is presently 1.0 days. Approximately 2.9% of the shares of the stock are short sold.

United States 12 Month Natural Gas Fund Price Performance

NYSEARCA:UNL traded up $0.01 during trading hours on Friday, hitting $6.50. 83,821 shares of the company’s stock traded hands, compared to its average volume of 103,692. United States 12 Month Natural Gas Fund has a 52 week low of $6.21 and a 52 week high of $9.21. The business’s fifty day simple moving average is $6.48 and its two-hundred day simple moving average is $6.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of UNL. Barclays PLC bought a new position in shares of United States 12 Month Natural Gas Fund in the fourth quarter worth approximately $47,000. Group One Trading LLC lifted its position in United States 12 Month Natural Gas Fund by 310.0% during the second quarter. Group One Trading LLC now owns 8,200 shares of the company’s stock valued at $71,000 after purchasing an additional 6,200 shares during the last quarter. StoneX Group Inc. bought a new stake in United States 12 Month Natural Gas Fund during the fourth quarter valued at approximately $92,000. Finally, Jane Street Group LLC grew its stake in United States 12 Month Natural Gas Fund by 67.8% in the 1st quarter. Jane Street Group LLC now owns 68,782 shares of the company’s stock worth $705,000 after buying an additional 27,793 shares in the last quarter.

United States 12 Month Natural Gas Fund Company Profile

The United States 12 Month Natural Gas Fund, LP (UNL) is an exchange-traded security company. The Company’s investment objective 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 average of the prices of the Benchmark Futures Contracts, less UNL’s expenses. UNL seeks to achieve its investment objective by investing in a combination of Futures Contracts and other natural gas-related Investments such that the daily changes in its NAV, measured in percentage terms, will closely track the changes in the average in the prices of the Benchmark Futures Contracts, also measured in percentage terms.