United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Up to $20.55

United States Natural Gas Fund LP (NYSEARCA:UNG) gapped up prior to trading on Thursday . The stock had previously closed at $20.55, but opened at $21.43. United States Natural Gas Fund shares last traded at $21.01, with a volume of 3,548,780 shares changing hands.

United States Natural Gas Fund Trading Down 5.5 %

The firm’s 50-day moving average price is $15.84 and its 200 day moving average price is $18.73. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -11.60 and a beta of 0.17.

Hedge Funds Weigh In On United States Natural Gas Fund

Hedge funds have recently added to or reduced their stakes in the stock. Vawter Financial Ltd. lifted its position 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 valued at $63,000 after purchasing an additional 2,500 shares during the last quarter. Round Rock Advisors LLC increased its position in shares of United States Natural Gas Fund by 21.1% during the 4th quarter. Round Rock Advisors LLC now owns 16,214 shares of the exchange traded fund’s stock valued at $82,000 after purchasing an additional 2,823 shares during the last quarter. Antonetti Capital Management LLC raised its holdings in shares of United States Natural Gas Fund by 10.4% during the 3rd quarter. Antonetti Capital Management LLC now owns 36,475 shares of the exchange traded fund’s stock valued at $249,000 after buying an additional 3,450 shares in the last quarter. Visionary Wealth Advisors boosted its stake in United States Natural Gas Fund by 23.2% in the third quarter. Visionary Wealth Advisors now owns 21,500 shares of the exchange traded fund’s stock worth $147,000 after buying an additional 4,050 shares in the last quarter. Finally, Verity Asset Management Inc. grew its position in United States Natural Gas Fund by 19.2% during the fourth quarter. Verity Asset Management Inc. now owns 25,140 shares of the exchange traded fund’s stock valued at $127,000 after acquiring an additional 4,053 shares during 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.