United States Natural Gas Fund (NYSEARCA:UNG) Sets New 12-Month High – Here’s What Happened

United States Natural Gas Fund LP (NYSEARCA:UNG) reached a new 52-week high during trading on Wednesday . The company traded as high as $21.88 and last traded at $22.16, with a volume of 1730582 shares trading hands. The stock had previously closed at $20.95.

United States Natural Gas Fund Stock Performance

The company has a market cap of $1.27 billion, a price-to-earnings ratio of -11.60 and a beta of 0.17. The stock’s fifty day simple moving average is $17.45 and its two-hundred day simple moving average is $15.30.

Institutional Investors Weigh In On United States Natural Gas Fund

Several large investors have recently made changes to their positions in UNG. Hobbs Group Advisors LLC purchased a new stake in shares of United States Natural Gas Fund during the 3rd quarter valued at about $29,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of United States Natural Gas Fund during the fourth quarter valued at approximately $32,000. Transce3nd LLC acquired a new position in shares of United States Natural Gas Fund during the fourth quarter worth $137,000. Freedom Investment Management Inc. purchased a new position in shares of United States Natural Gas Fund in the third quarter valued at $164,000. Finally, Northern Trust Corp grew its holdings in 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 valued at $186,000 after purchasing an additional 577 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.