United States Natural Gas Fund Sees Unusually Large Options Volume (NYSEARCA:UNG)

United States Natural Gas Fund LP (NYSEARCA:UNG) saw unusually large options trading activity on Monday. Stock investors purchased 54,756 call options on the stock. This represents an increase of 57% compared to the typical volume of 34,834 call options.

United States Natural Gas Fund Price Performance

UNG stock traded up $0.72 on Monday, reaching $10.07. 25,979,893 shares of the company traded hands, compared to its average volume of 15,321,721. The firm has a fifty day simple moving average of $10.32 and a 200-day simple moving average of $11.15. The company has a market cap of $619.11 million, a P/E ratio of -15.04 and a beta of 0.27. United States Natural Gas Fund has a one year low of $8.94 and a one year high of $17.02.

Hedge Funds Weigh In On United States Natural Gas Fund

Hedge funds have recently modified their holdings of the company. Chiron Capital Management LLC boosted its stake in shares of United States Natural Gas Fund by 248.4% in the third quarter. Chiron Capital Management LLC now owns 45,303 shares of the exchange traded fund’s stock worth $470,000 after acquiring an additional 32,300 shares during the period. Blueprint Financial Advisors LLC purchased a new position in shares of United States Natural Gas Fund during the third quarter valued at approximately $311,000. Blueprint Investment Partners LLC purchased a new position in United States Natural Gas Fund during the 3rd quarter valued at $311,000. Compound Planning Inc. grew its holdings in shares of United States Natural Gas Fund by 23.5% in the first quarter. Compound Planning Inc. now owns 25,782 shares of the exchange traded fund’s stock worth $302,000 after purchasing an additional 4,901 shares during the last quarter. Finally, Axiom Investment Management LLC purchased a new position in United States Natural Gas Fund in the 1st quarter worth about $229,000.

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.