United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Up 3.2% – Still a Buy?

United States Natural Gas Fund LP (NYSEARCA:UNG) rose 3.2% on Monday . The company traded as high as $13.27 and last traded at $13.2140. Approximately 9,731,853 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 9,596,091 shares. The stock had previously closed at $12.81.

United States Natural Gas Fund Trading Up 2.9%

The firm has a market capitalization of $633.54 million, a PE ratio of -15.04 and a beta of -0.12. The firm has a 50 day simple moving average of $13.70 and a 200 day simple moving average of $13.75.

Institutional Investors Weigh In On United States Natural Gas Fund

Large investors have recently bought and sold shares of the business. Comerica Bank raised its stake in United States Natural Gas Fund by 1,412.9% during the 1st quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 2,515 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of United States Natural Gas Fund by 5,325.8% during the 1st quarter. BNP Paribas Financial Markets now owns 1,636,789 shares of the exchange traded fund’s stock valued at $35,371,000 after buying an additional 1,606,622 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of United States Natural Gas Fund by 490.7% in the first quarter. Royal Bank of Canada now owns 14,880 shares of the exchange traded fund’s stock worth $322,000 after acquiring an additional 12,361 shares during the period. Bard Financial Services Inc. increased its holdings in United States Natural Gas Fund by 12.5% in the 2nd quarter. Bard Financial Services Inc. now owns 31,500 shares of the exchange traded fund’s stock valued at $481,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in United States Natural Gas Fund by 56.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 111,773 shares of the exchange traded fund’s stock valued at $1,705,000 after buying an additional 40,153 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.