United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down to $6.16

United States Natural Gas Fund LP (NYSEARCA:UNG) shares gapped down prior to trading on Monday . The stock had previously closed at $6.16, but opened at $6.00. United States Natural Gas Fund shares last traded at $6.06, with a volume of 4,188,094 shares trading hands.

United States Natural Gas Fund Stock Performance

The stock has a 50 day moving average price of $6.97 and a 200-day moving average price of $6.93.

Institutional Trading of United States Natural Gas Fund

Several institutional investors and hedge funds have recently bought and sold shares of UNG. S.A. Mason LLC lifted its holdings in shares of United States Natural Gas Fund by 96.0% during the third quarter. S.A. Mason LLC now owns 3,675 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 1,800 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in United States Natural Gas Fund by 26,613.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 6,144 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 6,121 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new position in United States Natural Gas Fund in the 4th quarter worth approximately $47,000. Clearstead Advisors LLC purchased a new position in United States Natural Gas Fund in the 3rd quarter worth approximately $50,000. Finally, Headlands Technologies LLC purchased a new position in United States Natural Gas Fund in the 2nd quarter worth approximately $63,000.

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.