United States Natural Gas Fund (NYSEARCA:UNG) Shares Down 5% – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price traded down 5% during mid-day trading on Tuesday . The stock traded as low as $16.33 and last traded at $16.30. 6,979,545 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 12,091,153 shares. The stock had previously closed at $17.15.

United States Natural Gas Fund Stock Down 5.0 %

The firm’s fifty day moving average price is $15.88 and its 200-day moving average price is $14.77. The stock has a market cap of $939.12 million, a P/E ratio of -11.60 and a beta of 0.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hobbs Group Advisors LLC purchased a new position in shares of United States Natural Gas Fund during the 3rd quarter worth approximately $29,000. Freedom Investment Management Inc. purchased a new stake in United States Natural Gas Fund in the third quarter worth $164,000. Hourglass Capital LLC bought a new position in United States Natural Gas Fund in the third quarter worth $204,000. Security National Bank purchased a new position in United States Natural Gas Fund during the third quarter valued at $262,000. Finally, Saxon Interests Inc. bought a new stake in shares of United States Natural Gas Fund during the 3rd quarter valued at $264,000.

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.