United States Natural Gas Fund (NYSEARCA:UNG) Shares Up 3% – Should You Buy?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price traded up 3% during mid-day trading on Thursday . The stock traded as high as $21.97 and last traded at $21.69. 1,063,869 shares traded hands during trading, a decline of 86% from the average session volume of 7,598,213 shares. The stock had previously closed at $21.05.

United States Natural Gas Fund Stock Down 7.1 %

The stock’s 50-day moving average price is $20.37 and its 200 day moving average price is $16.94. The firm has a market cap of $483.97 million, a price-to-earnings ratio of -17.89 and a beta of 0.14.

Hedge Funds Weigh In On United States Natural Gas Fund

Large investors have recently added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings 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 period. BNP Paribas Financial Markets raised its position in United States Natural Gas Fund by 5.8% in 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 bought a new position in United States Natural Gas Fund during the third quarter worth about $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in United States Natural Gas Fund during the fourth quarter valued at approximately $32,000. Finally, Wells Fargo & Company MN grew its stake in shares of 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 valued at $5,876,000 after purchasing an additional 2,644 shares during the period.

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.