United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Down 3.1%

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) were down 3.1% during mid-day trading on Thursday . The stock traded as low as $15.16 and last traded at $15.18. Approximately 1,062,847 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 7,543,073 shares. The stock had previously closed at $15.67.

United States Natural Gas Fund Price Performance

The firm’s fifty day moving average price is $15.80 and its 200-day moving average price is $21.29.

Institutional Investors Weigh In On United States Natural Gas Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in United States Natural Gas Fund by 26.4% in the 2nd quarter. Wells Fargo & Company MN now owns 3,753,443 shares of the exchange traded fund’s stock valued at $27,851,000 after acquiring an additional 783,822 shares in the last quarter. BNP Paribas Arbitrage SNC lifted its position in United States Natural Gas Fund by 2,532.1% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 1,053,436 shares of the exchange traded fund’s stock valued at $7,311,000 after acquiring an additional 1,013,413 shares in the last quarter. National Bank of Canada FI lifted its position in United States Natural Gas Fund by 3,090.3% in the 3rd quarter. National Bank of Canada FI now owns 793,629 shares of the exchange traded fund’s stock valued at $5,260,000 after acquiring an additional 768,753 shares in the last quarter. Bbjs Financial Advisors LLC lifted its position in United States Natural Gas Fund by 37.0% in the 4th quarter. Bbjs Financial Advisors LLC now owns 683,875 shares of the exchange traded fund’s stock valued at $3,467,000 after acquiring an additional 184,662 shares in the last quarter. Finally, GTS Securities LLC bought a new stake in United States Natural Gas Fund in the 2nd quarter valued at $4,661,000.

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.