United States 12 Month Natural Gas Fund (NYSEARCA:UNL) Shares Up 1.5% – Still a Buy?

United States 12 Month Natural Gas Fund LP (NYSEARCA:UNL)’s share price was up 1.5% during mid-day trading on Monday . The company traded as high as $6.03 and last traded at $5.98. Approximately 34,504 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 91,794 shares. The stock had previously closed at $5.89.

United States 12 Month Natural Gas Fund Stock Performance

The stock’s 50-day moving average is $6.23 and its 200-day moving average is $6.68.

Hedge Funds Weigh In On United States 12 Month Natural Gas Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC increased its stake in shares of United States 12 Month Natural Gas Fund by 67.8% in the first quarter. Jane Street Group LLC now owns 68,782 shares of the company’s stock valued at $705,000 after buying an additional 27,793 shares during the period. Group One Trading LLC boosted its position in United States 12 Month Natural Gas Fund by 310.0% during the 2nd quarter. Group One Trading LLC now owns 8,200 shares of the company’s stock worth $71,000 after buying an additional 6,200 shares during the period. StoneX Group Inc. acquired a new stake in United States 12 Month Natural Gas Fund during the 4th quarter worth approximately $92,000. Finally, Barclays PLC bought a new stake in United States 12 Month Natural Gas Fund during the 4th quarter worth approximately $47,000.

About United States 12 Month Natural Gas Fund

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.