United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down to $15.44

United States Natural Gas Fund LP (NYSEARCA:UNG) shares gapped down prior to trading on Wednesday . The stock had previously closed at $15.44, but opened at $14.90. United States Natural Gas Fund shares last traded at $14.72, with a volume of 1,573,889 shares traded.

United States Natural Gas Fund Stock Performance

The stock has a 50 day moving average price of $15.39 and a 200 day moving average price of $20.43. The company has a market cap of $772.39 million, a P/E ratio of -11.91 and a beta of 0.16.

Hedge Funds Weigh In On United States Natural Gas Fund

Several hedge funds have recently made changes to their positions in the business. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of United States Natural Gas Fund by 30.9% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 20,823 shares of the exchange traded fund’s stock worth $142,000 after acquiring an additional 4,917 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of United States Natural Gas Fund by 10.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 63,148 shares of the exchange traded fund’s stock valued at $431,000 after purchasing an additional 6,102 shares during the period. Stratos Wealth Advisors LLC increased its stake in United States Natural Gas Fund by 4.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 67,530 shares of the exchange traded fund’s stock worth $461,000 after purchasing an additional 2,833 shares in the last quarter. Advisor Resource Council acquired a new stake in United States Natural Gas Fund during the 3rd quarter worth about $107,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of United States Natural Gas Fund by 25.4% in the third quarter. Daiwa Securities Group Inc. now owns 215,575 shares of the exchange traded fund’s stock worth $1,472,000 after buying an additional 43,600 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.