United States Natural Gas Fund (NYSEARCA:UNG) Trading 6.2% Higher

United States Natural Gas Fund, LP (NYSEARCA:UNG)’s share price rose 6.2% during trading on Monday . The stock traded as high as $14.94 and last traded at $14.93. Approximately 9,104,150 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 7,629,561 shares. The stock had previously closed at $14.06.

United States Natural Gas Fund Price Performance

The company has a market cap of $801.41 million, a price-to-earnings ratio of -11.91 and a beta of 0.16. The firm has a 50-day moving average price of $15.37 and a 200 day moving average price of $20.30.

Institutional Investors Weigh In On United States Natural Gas Fund

A number of large investors have recently added to or reduced their stakes in UNG. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of United States Natural Gas Fund by 30.9% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 20,823 shares of the exchange traded fund’s stock valued at $142,000 after acquiring an additional 4,917 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of United States Natural Gas Fund by 10.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 63,148 shares of the exchange traded fund’s stock valued at $431,000 after acquiring an additional 6,102 shares during the last quarter. Stratos Wealth Advisors LLC lifted its stake in shares of United States Natural Gas Fund by 4.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 67,530 shares of the exchange traded fund’s stock valued at $461,000 after acquiring an additional 2,833 shares during the last quarter. Advisor Resource Council bought a new position in shares of United States Natural Gas Fund in the 3rd quarter valued at $107,000. Finally, Daiwa Securities Group Inc. lifted its stake in shares of United States Natural Gas Fund by 25.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 215,575 shares of the exchange traded fund’s stock valued at $1,472,000 after acquiring an additional 43,600 shares during the last quarter.

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.