United States Natural Gas Fund (NYSEARCA:UNG) Trading Up 4.2% – Still a Buy?

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) shot up 4.2% during trading on Thursday . The company traded as high as $11.14 and last traded at $11.3240. 15,251,557 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 13,117,588 shares. The stock had previously closed at $10.87.

United States Natural Gas Fund Stock Up 6.6%

The firm’s fifty day moving average is $10.25 and its two-hundred day moving average is $11.00. The firm has a market cap of $665.56 million, a P/E ratio of -15.04 and a beta of 0.05.

Institutional Investors Weigh In On United States Natural Gas Fund

Large investors have recently modified their holdings of the stock. Axiom Investment Management LLC bought a new position in United States Natural Gas Fund in the first quarter worth about $229,000. SG Americas Securities LLC boosted its position in United States Natural Gas Fund by 50.7% during the 1st quarter. SG Americas Securities LLC now owns 53,210 shares of the exchange traded fund’s stock valued at $624,000 after acquiring an additional 17,900 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of United States Natural Gas Fund during the 2nd quarter worth approximately $199,000. Evoke Wealth LLC purchased a new position in shares of United States Natural Gas Fund during the 4th quarter worth approximately $173,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of United States Natural Gas Fund by 8.2% during the 4th 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 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.