United States Natural Gas Fund (NYSEARCA:UNG) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.99 and traded as low as $11.77. United States Natural Gas Fund shares last traded at $11.77, with a volume of 3,520,078 shares traded.

United States Natural Gas Fund Trading Up 2.0%

The company has a 50-day moving average of $11.17 and a 200-day moving average of $11.93. The company has a market capitalization of $569.49 million, a price-to-earnings ratio of -15.04 and a beta of 0.08.

Hedge Funds Weigh In On United States Natural Gas Fund

Hedge funds have recently modified their holdings of the stock. Insigneo Advisory Services LLC increased its stake in United States Natural Gas Fund by 3.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 20,965 shares of the exchange traded fund’s stock valued at $274,000 after purchasing an additional 779 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of United States Natural Gas Fund by 7.9% during the fourth quarter. Sound Income Strategies LLC now owns 12,711 shares of the exchange traded fund’s stock worth $156,000 after buying an additional 935 shares during the period. Sigma Planning Corp grew its holdings in shares of United States Natural Gas Fund by 14.4% during the first quarter. Sigma Planning Corp now owns 13,642 shares of the exchange traded fund’s stock valued at $160,000 after buying an additional 1,716 shares during the last quarter. Scotia Capital Inc. grew its holdings in shares of United States Natural Gas Fund by 10.4% during the third quarter. Scotia Capital Inc. now owns 20,851 shares of the exchange traded fund’s stock valued at $273,000 after buying an additional 1,969 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of United States Natural Gas Fund in the 4th quarter valued at $25,000.

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.