United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Up to $14.42

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) gapped up before the market opened on Friday . The stock had previously closed at $14.42, but opened at $14.71. United States Natural Gas Fund shares last traded at $14.75, with a volume of 931,504 shares traded.

United States Natural Gas Fund Stock Performance

The firm has a market capitalization of $790.66 million, a price-to-earnings ratio of -11.91 and a beta of 0.16. The company has a 50 day moving average price of $15.48 and a two-hundred day moving average price of $20.90.

Institutional Trading of United States Natural Gas Fund

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of United States Natural Gas Fund by 5.2% during the third quarter. Envestnet Asset Management Inc. now owns 12,253 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 611 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of United States Natural Gas Fund by 5.1% during the third quarter. Commonwealth Equity Services LLC now owns 24,689 shares of the exchange traded fund’s stock worth $577,000 after purchasing an additional 1,197 shares in the last quarter. S.A. Mason LLC grew its holdings in United States Natural Gas Fund by 96.0% in the 3rd quarter. S.A. Mason LLC now owns 3,675 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 1,800 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of United States Natural Gas Fund by 19.7% in the 1st quarter. Advisory Services Network LLC now owns 10,960 shares of the exchange traded fund’s stock worth $216,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Vawter Financial Ltd. increased its stake in shares of United States Natural Gas Fund by 25.0% in the 4th quarter. Vawter Financial Ltd. now owns 12,500 shares of the exchange traded fund’s stock worth $63,000 after acquiring an additional 2,500 shares during 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.