United States Natural Gas Fund LP (NYSEARCA:UNG) Stock Short Interest Climbs 85.0%

United States Natural Gas Fund LP (NYSEARCA:UNG) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 6,172,009 shares, an increase of 85.0% from the September 15th total of 3,336,278 shares. Currently, 13.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,570,497 shares, the short-interest ratio is currently 0.2 days.

United States Natural Gas Fund Stock Down 1.7%

Shares of NYSEARCA:UNG opened at $11.22 on Thursday. United States Natural Gas Fund has a 12 month low of $9.55 and a 12 month high of $17.02. The company’s 50-day moving average price is $10.44 and its two-hundred day moving average price is $10.84. The firm has a market cap of $523.41 million, a P/E ratio of -15.04 and a beta of 0.21.

Hedge Funds Weigh In On United States Natural Gas Fund

A number of large investors have recently modified their holdings of the stock. Compass Financial Management LLC acquired a new stake in shares of United States Natural Gas Fund in the 2nd quarter valued at $26,000. Fifth Third Bancorp bought a new stake in shares of United States Natural Gas Fund during the first quarter worth $37,000. Main Street Group LTD bought a new stake in shares of United States Natural Gas Fund during the first quarter worth $42,000. Royal Bank of Canada lifted its stake in shares of United States Natural Gas Fund by 41.0% during the first quarter. Royal Bank of Canada now owns 7,538 shares of the exchange traded fund’s stock valued at $88,000 after acquiring an additional 2,192 shares during the period. Finally, First Heartland Consultants Inc. acquired a new position in shares of United States Natural Gas Fund during the third quarter valued at $126,000.

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.