United States Natural Gas Fund (NYSEARCA:UNG) Sets New 12-Month Low – Time to Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $9.23 and last traded at $9.2470, with a volume of 2,803,942 shares trading hands. The stock had previously closed at $9.50.

United States Natural Gas Fund Trading Down 1.1%

The firm has a 50-day moving average of $10.42 and a 200 day moving average of $11.20. The company has a market cap of $502.58 million, a P/E ratio of -15.04 and a beta of 0.21.

Hedge Funds Weigh In On United States Natural Gas Fund

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

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.