United States Natural Gas Fund (NYSEARCA:UNG) Hits New 12-Month Low at $10.74

United States Natural Gas Fund LP (NYSEARCA:UNGGet Rating) reached a new 52-week low during trading on Wednesday . The company traded as low as $10.74 and last traded at $10.96, with a volume of 150221 shares changing hands. The stock had previously closed at $11.55.

United States Natural Gas Fund Trading Down 1.0 %

The business’s 50-day simple moving average is $17.10 and its 200 day simple moving average is $22.51.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC grew its position in shares of United States Natural Gas Fund by 0.4% in the 2nd quarter. Virtu Financial LLC now owns 577,664 shares of the exchange traded fund’s stock worth $10,981,000 after buying an additional 2,343 shares during the last quarter. Clough Capital Partners L P purchased a new position in shares of United States Natural Gas Fund in the 2nd quarter worth approximately $5,961,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of United States Natural Gas Fund in the 3rd quarter worth approximately $4,222,000. Prospera Financial Services Inc grew its position in shares of United States Natural Gas Fund by 81.4% in the 3rd quarter. Prospera Financial Services Inc now owns 141,129 shares of the exchange traded fund’s stock worth $3,299,000 after buying an additional 63,335 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of United States Natural Gas Fund by 525.4% in the 1st quarter. Royal Bank of Canada now owns 134,892 shares of the exchange traded fund’s stock worth $2,659,000 after buying an additional 113,324 shares during the last quarter.

United States Natural Gas Fund Company Profile

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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.

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