United States Natural Gas Fund Sees Unusually Large Options Volume (NYSEARCA:UNG)

United States Natural Gas Fund LP (NYSEARCA:UNG) was the recipient of some unusual options trading on Tuesday. Traders bought 81,975 call options on the stock. This is an increase of 203% compared to the typical volume of 27,051 call options.

United States Natural Gas Fund Stock Performance

Shares of UNG stock opened at $10.23 on Wednesday. United States Natural Gas Fund has a fifty-two week low of $9.55 and a fifty-two week high of $17.02. The stock’s fifty day moving average is $10.65 and its two-hundred day moving average is $11.24. The firm has a market capitalization of $478.25 million, a P/E ratio of -15.04 and a beta of 0.06.

Hedge Funds Weigh In On United States Natural Gas Fund

Several hedge funds and other institutional investors have recently modified their holdings of UNG. Steward Partners Investment Advisory LLC purchased a new stake in United States Natural Gas Fund during the 4th quarter valued at about $25,000. Compass Financial Management LLC acquired a new position in shares of United States Natural Gas Fund during the 2nd quarter worth approximately $26,000. Fifth Third Bancorp acquired a new position in shares of United States Natural Gas Fund during the 1st quarter worth approximately $37,000. Main Street Group LTD purchased a new stake in shares of United States Natural Gas Fund in the first quarter valued at approximately $42,000. Finally, Comerica Bank grew its position in shares of 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 purchasing an additional 2,515 shares in the last quarter.

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.