United States Natural Gas Fund (NYSEARCA:UNG) Sees Strong Trading Volume – Time to Buy?

United States Natural Gas Fund LP (NYSEARCA:UNG) shares saw strong trading volume on Wednesday . Approximately 21,272,385 shares were traded during trading, an increase of 64% from the previous session’s volume of 12,953,487 shares.The stock last traded at $10.8330 and had previously closed at $10.86.

United States Natural Gas Fund Price Performance

The company has a market capitalization of $621.90 million, a PE ratio of -15.04 and a beta of 0.05. The firm’s fifty day simple moving average is $10.24 and its 200 day simple moving average is $11.00.

Institutional Trading of United States Natural Gas Fund

Several institutional investors have recently bought and sold shares of UNG. Compass Financial Management LLC acquired a new stake in shares of United States Natural Gas Fund in the second quarter valued at about $26,000. Fifth Third Bancorp purchased a new stake in United States Natural Gas Fund in the 1st quarter valued at $37,000. Main Street Group LTD purchased a new position in United States Natural Gas Fund during the first quarter worth about $42,000. Royal Bank of Canada grew its position in United States Natural Gas Fund by 41.0% in the first quarter. Royal Bank of Canada now owns 7,538 shares of the exchange traded fund’s stock worth $88,000 after acquiring an additional 2,192 shares during the period. Finally, Sigma Planning Corp raised its holdings in United States Natural Gas Fund by 14.4% in the 1st quarter. Sigma Planning Corp now owns 13,642 shares of the exchange traded fund’s stock valued at $160,000 after buying an additional 1,716 shares during the period.

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.