United States Natural Gas Fund (NYSEARCA:UNG) Sets New 12-Month High – Time to Buy?

United States Natural Gas Fund LP (NYSEARCA:UNG) hit a new 52-week high on Tuesday . The company traded as high as $23.52 and last traded at $23.47, with a volume of 1162118 shares traded. The stock had previously closed at $21.95.

United States Natural Gas Fund Trading Down 2.6 %

The company has a market cap of $1.49 billion, a PE ratio of -18.00 and a beta of 0.28. The firm’s 50-day simple moving average is $18.64 and its two-hundred day simple moving average is $15.80.

Institutional Trading of United States Natural Gas Fund

Large investors have recently made changes to their positions in the company. Northern Trust Corp grew its holdings in shares of United States Natural Gas Fund by 5.5% during the fourth quarter. Northern Trust Corp now owns 11,077 shares of the exchange traded fund’s stock worth $186,000 after buying an additional 577 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in 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 worth $507,000 after purchasing an additional 1,647 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in United States Natural Gas Fund in the third quarter valued at about $29,000. Mountain Hill Investment Partners Corp. acquired a new position in United States Natural Gas Fund during the 4th quarter worth approximately $32,000. Finally, Wells Fargo & Company MN raised its stake in shares of United States Natural Gas Fund by 0.8% during the 4th quarter. Wells Fargo & Company MN now owns 349,559 shares of the exchange traded fund’s stock worth $5,876,000 after buying an additional 2,644 shares in the last quarter.

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.