United States 12 Month Natural Gas Fund (NYSEARCA:UNL) Trading Down 0.3% – Here’s What Happened

United States 12 Month Natural Gas Fund LP (NYSEARCA:UNL) fell 0.3% during trading on Monday . The company traded as low as $5.85 and last traded at $5.86. 56,203 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 88,540 shares. The stock had previously closed at $5.88.

United States 12 Month Natural Gas Fund Trading Down 0.3%

The company’s fifty day simple moving average is $6.06 and its two-hundred day simple moving average is $6.51.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UNL. Jane Street Group LLC raised its position in shares of United States 12 Month Natural Gas Fund by 67.8% during the 1st quarter. Jane Street Group LLC now owns 68,782 shares of the company’s stock worth $705,000 after purchasing an additional 27,793 shares during the last quarter. Group One Trading LLC grew its holdings in United States 12 Month Natural Gas Fund by 310.0% during the 2nd quarter. Group One Trading LLC now owns 8,200 shares of the company’s stock valued at $71,000 after buying an additional 6,200 shares during the last quarter. StoneX Group Inc. acquired a new stake in United States 12 Month Natural Gas Fund during the 4th quarter valued at $92,000. Finally, Barclays PLC purchased a new position in United States 12 Month Natural Gas Fund during the fourth quarter worth $47,000.

United States 12 Month Natural Gas Fund Company Profile

The United States 12 Month Natural Gas Fund, LP (UNL) is an exchange-traded security company. The Company’s investment objective 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 average of the prices of the Benchmark Futures Contracts, less UNL’s expenses. UNL seeks to achieve its investment objective by investing in a combination of Futures Contracts and other natural gas-related Investments such that the daily changes in its NAV, measured in percentage terms, will closely track the changes in the average in the prices of the Benchmark Futures Contracts, also measured in percentage terms.