United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Up to $11.03

United States Natural Gas Fund LP (NYSEARCA:UNGGet Rating) shares gapped up before the market opened on Tuesday . The stock had previously closed at $11.03, but opened at $11.89. United States Natural Gas Fund shares last traded at $11.64, with a volume of 222,406 shares traded.

United States Natural Gas Fund Stock Performance

The firm has a 50-day moving average price of $17.29 and a 200 day moving average price of $22.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC boosted its holdings in United States Natural Gas Fund by 288.3% in the second quarter. Advisory Services Network LLC now owns 42,563 shares of the exchange traded fund’s stock valued at $809,000 after purchasing an additional 31,603 shares during the period. Advisor Resource Council purchased a new position in United States Natural Gas Fund in the second quarter valued at $215,000. Benedetti & Gucer Inc. purchased a new position in United States Natural Gas Fund in the second quarter valued at $420,000. Capital Wealth Alliance LLC purchased a new position in United States Natural Gas Fund in the second quarter valued at $632,000. Finally, Virtu Financial LLC raised its stake in United States Natural Gas Fund by 0.4% in the second quarter. Virtu Financial LLC now owns 577,664 shares of the exchange traded fund’s stock valued at $10,981,000 after buying an additional 2,343 shares in the last quarter.

United States Natural Gas Fund Company Profile

(Get Rating)

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.

Further Reading

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