United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Down 3.2%

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) were down 3.2% on Monday . The company traded as low as $19.22 and last traded at $19.23. Approximately 643,473 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 7,728,496 shares. The stock had previously closed at $19.86.

United States Natural Gas Fund Price Performance

The company’s 50 day simple moving average is $17.11 and its 200 day simple moving average is $18.08. The stock has a market cap of $1.10 billion, a P/E ratio of -11.60 and a beta of 0.17.

Institutional Trading of United States Natural Gas Fund

Several hedge funds have recently bought and sold shares of UNG. Virtu Financial LLC bought a new stake in shares of United States Natural Gas Fund in the first quarter valued at about $861,000. Creekmur Asset Management LLC acquired a new position in United States Natural Gas Fund during the 1st quarter worth approximately $63,000. Shah Capital Management acquired a new stake in shares of United States Natural Gas Fund in the first quarter valued at approximately $3,124,000. Avantax Advisory Services Inc. bought a new stake in shares of United States Natural Gas Fund in the first quarter worth $235,000. Finally, Capital Square LLC acquired a new position in United States Natural Gas Fund during the first quarter worth $242,000.

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.