United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Up 3.5% – Should You Buy?

United States Natural Gas Fund LP (NYSEARCA:UNG) rose 3.5% on Wednesday. The company traded as high as $11.09 and last traded at $11.1150. Approximately 8,328,682 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 14,062,158 shares. The stock had previously closed at $10.74.

United States Natural Gas Fund Stock Down 2.0%

The firm has a market capitalization of $488.07 million, a PE ratio of -15.04 and a beta of 0.21. The business’s fifty day moving average price is $10.34 and its 200 day moving average price is $10.86.

Hedge Funds Weigh In On United States Natural Gas Fund

A number of hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. increased its stake in United States Natural Gas Fund by 8.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 132,193 shares of the exchange traded fund’s stock worth $1,621,000 after acquiring an additional 10,000 shares during the last quarter. Realta Investment Advisors increased its position in United States Natural Gas Fund by 14.3% during the 1st quarter. Realta Investment Advisors now owns 56,000 shares of the exchange traded fund’s stock worth $657,000 after purchasing an additional 7,000 shares in the last quarter. SG Americas Securities LLC raised its holdings in United States Natural Gas Fund by 50.7% in the first quarter. SG Americas Securities LLC now owns 53,210 shares of the exchange traded fund’s stock valued at $624,000 after buying an additional 17,900 shares during the period. Compound Planning Inc. raised its holdings in United States Natural Gas Fund by 23.5% in the first quarter. Compound Planning Inc. now owns 25,782 shares of the exchange traded fund’s stock valued at $302,000 after buying an additional 4,901 shares during the period. Finally, Axiom Investment Management LLC acquired a new position in United States Natural Gas Fund during the first quarter valued at approximately $229,000.

About United States Natural Gas Fund

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.