United States Natural Gas Fund Target of Unusually High Options Trading (NYSEARCA:UNG)

United States Natural Gas Fund LP (NYSEARCA:UNG) was the recipient of unusually large options trading activity on Tuesday. Stock investors acquired 81,975 call options on the company. This represents an increase of approximately 203% compared to the typical volume of 27,051 call options.

United States Natural Gas Fund Stock Down 1.0%

NYSEARCA UNG traded down $0.10 on Tuesday, reaching $10.05. The company had a trading volume of 6,175,084 shares, compared to its average volume of 12,325,273. The stock has a market capitalization of $469.70 million, a PE ratio of -15.04 and a beta of 0.06. The firm’s 50 day moving average price is $10.68 and its 200 day moving average price is $11.26. United States Natural Gas Fund has a 12 month low of $9.55 and a 12 month high of $17.02.

Institutional Investors Weigh In On United States Natural Gas Fund

A number of hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in United States Natural Gas Fund during the fourth quarter valued at approximately $25,000. Compass Financial Management LLC bought a new stake in United States Natural Gas Fund in the 2nd quarter worth approximately $26,000. Fifth Third Bancorp purchased a new stake in shares of United States Natural Gas Fund during the 1st quarter worth approximately $37,000. Main Street Group LTD purchased a new stake in shares of United States Natural Gas Fund during the 1st quarter worth approximately $42,000. Finally, Comerica Bank boosted its position in shares of United States Natural Gas Fund by 1,412.9% during the 1st quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 2,515 shares during the last quarter.

United States Natural Gas Fund Company Profile

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.