United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Down 3.2% – Time to Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price fell 3.2% during mid-day trading on Tuesday . The company traded as low as $16.59 and last traded at $16.61. 2,707,830 shares traded hands during trading, a decline of 78% from the average session volume of 12,421,785 shares. The stock had previously closed at $17.16.

United States Natural Gas Fund Price Performance

The firm has a market cap of $932.20 million, a PE ratio of -11.60 and a beta of 0.17. The stock’s fifty day simple moving average is $14.41 and its 200-day simple moving average is $14.65.

Institutional Trading of United States Natural Gas Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in UNG. The Manufacturers Life Insurance Company lifted its holdings in United States Natural Gas Fund by 135.7% in the third quarter. The Manufacturers Life Insurance Company now owns 545,504 shares of the exchange traded fund’s stock valued at $8,908,000 after acquiring an additional 314,057 shares during the period. Quadrature Capital Ltd acquired a new position in shares of United States Natural Gas Fund in the 3rd quarter valued at $6,751,000. Virtu Financial LLC purchased a new stake in shares of United States Natural Gas Fund during the 3rd quarter worth about $6,482,000. Cetera Investment Advisers grew its holdings in United States Natural Gas Fund by 13.5% in the second quarter. Cetera Investment Advisers now owns 117,826 shares of the exchange traded fund’s stock valued at $2,054,000 after purchasing an additional 14,052 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in United States Natural Gas Fund by 17.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 88,893 shares of the exchange traded fund’s stock valued at $1,452,000 after acquiring an additional 13,400 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.