United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down – Time to Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $14.41, but opened at $13.65. United States Natural Gas Fund shares last traded at $13.6480, with a volume of 2,444,684 shares traded.

United States Natural Gas Fund Price Performance

The stock has a market cap of $684.71 million, a P/E ratio of -15.04 and a beta of -0.12. The firm’s fifty day moving average price is $13.26 and its two-hundred day moving average price is $14.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Insigneo Advisory Services LLC grew its stake in United States Natural Gas Fund by 3.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 20,965 shares of the exchange traded fund’s stock worth $274,000 after buying an additional 779 shares in the last quarter. Scotia Capital Inc. grew its position in United States Natural Gas Fund by 6.8% in the second quarter. Scotia Capital Inc. now owns 18,882 shares of the exchange traded fund’s stock worth $289,000 after acquiring an additional 1,205 shares in the last quarter. Prospera Financial Services Inc increased its stake in United States Natural Gas Fund by 11.0% in the third quarter. Prospera Financial Services Inc now owns 13,374 shares of the exchange traded fund’s stock valued at $175,000 after acquiring an additional 1,320 shares during the last quarter. Comerica Bank increased its stake in United States Natural Gas Fund by 1,412.9% in the first quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 2,515 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in United States Natural Gas Fund by 55.0% during the third quarter. BNP Paribas Financial Markets now owns 7,305 shares of the exchange traded fund’s stock valued at $95,000 after purchasing an additional 2,593 shares in the last quarter.

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.