Investors Buy Large Volume of Call Options on United States Natural Gas Fund (NYSEARCA:UNG)

United States Natural Gas Fund LP (NYSEARCA:UNG) was the recipient of unusually large options trading on Thursday. Investors bought 56,191 call options on the company. This represents an increase of approximately 92% compared to the typical volume of 29,221 call options.

Institutional Trading of United States Natural Gas Fund

Large investors have recently modified their holdings of the company. Compass Financial Management LLC purchased a new position in United States Natural Gas Fund during the 2nd quarter worth $26,000. Fifth Third Bancorp purchased a new stake in shares of United States Natural Gas Fund in the 1st quarter worth $37,000. Main Street Group LTD bought a new position in shares of United States Natural Gas Fund during the 1st quarter worth $42,000. Royal Bank of Canada grew its position in shares of United States Natural Gas Fund by 41.0% during the 1st quarter. Royal Bank of Canada now owns 7,538 shares of the exchange traded fund’s stock worth $88,000 after buying an additional 2,192 shares in the last quarter. Finally, Sigma Planning Corp increased its stake in shares of United States Natural Gas Fund by 14.4% during the first quarter. Sigma Planning Corp now owns 13,642 shares of the exchange traded fund’s stock valued at $160,000 after buying an additional 1,716 shares during the period.

United States Natural Gas Fund Stock Up 5.4%

NYSEARCA:UNG traded up $0.59 during mid-day trading on Thursday, hitting $11.46. 32,652,152 shares of the stock traded hands, compared to its average volume of 13,220,606. The stock has a market capitalization of $658.43 million, a price-to-earnings ratio of -15.04 and a beta of 0.05. United States Natural Gas Fund has a 52 week low of $9.55 and a 52 week high of $17.02. The firm’s 50 day moving average is $10.25 and its two-hundred day moving average is $11.00.

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.