United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down to $14.89

United States Natural Gas Fund LP (NYSEARCA:UNG) gapped down prior to trading on Monday . The stock had previously closed at $14.89, but opened at $14.41. United States Natural Gas Fund shares last traded at $14.43, with a volume of 1,442,730 shares trading hands.

United States Natural Gas Fund Price Performance

The firm’s 50 day simple moving average is $15.62 and its 200-day simple moving average is $21.08. The company has a market cap of $778.57 million, a price-to-earnings ratio of -11.91 and a beta of 0.16.

Institutional Investors Weigh In On United States Natural Gas Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in shares of United States Natural Gas Fund by 5.2% in the third quarter. Envestnet Asset Management Inc. now owns 12,253 shares of the exchange traded fund’s stock valued at $286,000 after buying an additional 611 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of United States Natural Gas Fund by 5.1% in the third quarter. Commonwealth Equity Services LLC now owns 24,689 shares of the exchange traded fund’s stock valued at $577,000 after buying an additional 1,197 shares during the last quarter. S.A. Mason LLC raised its holdings in shares of United States Natural Gas Fund by 96.0% in the third quarter. S.A. Mason LLC now owns 3,675 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 1,800 shares during the last quarter. Advisory Services Network LLC raised its holdings in United States Natural Gas Fund by 19.7% during the first quarter. Advisory Services Network LLC now owns 10,960 shares of the exchange traded fund’s stock worth $216,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Vawter Financial Ltd. raised its holdings in United States Natural Gas Fund by 25.0% during the fourth quarter. Vawter Financial Ltd. now owns 12,500 shares of the exchange traded fund’s stock worth $63,000 after purchasing an additional 2,500 shares in the last quarter.

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.