United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down – Time to Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price gapped down prior to trading on Monday . The stock had previously closed at $22.09, but opened at $21.04. United States Natural Gas Fund shares last traded at $21.01, with a volume of 1,805,040 shares.

United States Natural Gas Fund Stock Performance

The business’s fifty day moving average price is $17.60 and its two-hundred day moving average price is $15.39. The stock has a market capitalization of $1.21 billion, a P/E ratio of -11.60 and a beta of 0.17.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UNG. Northern Trust Corp lifted its stake in shares of United States Natural Gas Fund by 5.5% during the 4th quarter. Northern Trust Corp now owns 11,077 shares of the exchange traded fund’s stock worth $186,000 after acquiring an additional 577 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of United States Natural Gas Fund by 5.8% during the fourth quarter. BNP Paribas Financial Markets now owns 30,167 shares of the exchange traded fund’s stock valued at $507,000 after purchasing an additional 1,647 shares during the period. Hobbs Group Advisors LLC bought a new position in shares of United States Natural Gas Fund in the third quarter worth about $29,000. Mountain Hill Investment Partners Corp. purchased a new position in United States Natural Gas Fund in the 4th quarter worth about $32,000. Finally, Wells Fargo & Company MN grew its stake in United States Natural Gas Fund by 0.8% in the 4th quarter. Wells Fargo & Company MN now owns 349,559 shares of the exchange traded fund’s stock worth $5,876,000 after acquiring an additional 2,644 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.