United States Natural Gas Fund LP (NYSEARCA:UNG) shares gapped up before the market opened on Monday . The stock had previously closed at $22.40, but opened at $23.27. United States Natural Gas Fund shares last traded at $23.61, with a volume of 2885174 shares.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brookstone Capital Management purchased a new position in United States Natural Gas Fund during the fourth quarter worth approximately $251,000. SG Americas Securities LLC bought a new position in United States Natural Gas Fund during the 4th quarter valued at $301,000. Wedbush Securities Inc. boosted its stake in United States Natural Gas Fund by 12.6% during the 3rd quarter. Wedbush Securities Inc. now owns 40,287 shares of the exchange traded fund’s stock valued at $1,000,000 after acquiring an additional 4,500 shares during the last quarter. Credit Suisse AG boosted its stake in United States Natural Gas Fund by 48.3% during the 3rd quarter. Credit Suisse AG now owns 104,845 shares of the exchange traded fund’s stock valued at $2,603,000 after acquiring an additional 34,128 shares during the last quarter. Finally, Polianta Ltd boosted its stake in United States Natural Gas Fund by 49.4% during the 4th quarter. Polianta Ltd now owns 119,000 shares of the exchange traded fund’s stock valued at $2,940,000 after acquiring an additional 39,350 shares during the last quarter.
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United States Natural Gas Fund Company Profile (NYSEARCA:UNG)
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.
See Also: Hedge Funds
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