Traders Purchase Large Volume of Call Options on United States Natural Gas Fund (NYSEARCA:UNG)

United States Natural Gas Fund LP (NYSEARCA:UNGGet Rating) was the recipient of unusually large options trading on Monday. Investors purchased 54,641 call options on the stock. This represents an increase of 27% compared to the typical volume of 43,007 call options.

Institutional Trading of United States Natural Gas Fund

A number of institutional investors have recently made changes to their positions in UNG. Virtu Financial LLC acquired a new position in United States Natural Gas Fund during the first quarter worth $11,345,000. Clough Capital Partners L P purchased a new stake in shares of United States Natural Gas Fund in the 2nd quarter valued at $5,961,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of United States Natural Gas Fund in the 3rd quarter valued at $4,222,000. NewEdge Advisors LLC acquired a new position in United States Natural Gas Fund during the 1st quarter worth $2,443,000. Finally, Royal Bank of Canada grew its stake in United States Natural Gas Fund by 525.4% during the 1st quarter. Royal Bank of Canada now owns 134,892 shares of the exchange traded fund’s stock worth $2,659,000 after purchasing an additional 113,324 shares in the last quarter.

United States Natural Gas Fund Trading Up 7.3 %

Shares of UNG stock opened at $11.01 on Tuesday. United States Natural Gas Fund has a twelve month low of $10.18 and a twelve month high of $34.50. The stock has a 50 day moving average of $16.75 and a 200 day moving average of $22.43.

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.

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