United States Natural Gas Fund (NYSEARCA:UNG) Stock Passes Above 200 Day Moving Average – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.84 and traded as high as $11.98. United States Natural Gas Fund shares last traded at $11.72, with a volume of 6,071,915 shares traded.

United States Natural Gas Fund Stock Performance

The business’s 50-day moving average is $11.25 and its 200-day moving average is $11.84. The company has a market capitalization of $569.01 million, a PE ratio of -15.04 and a beta of 0.08.

Institutional Trading of United States Natural Gas Fund

A number of hedge funds have recently made changes to their positions in UNG. Insigneo Advisory Services LLC grew its stake in shares of United States Natural Gas Fund by 3.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 20,965 shares of the exchange traded fund’s stock worth $274,000 after buying an additional 779 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of United States Natural Gas Fund by 7.9% in the fourth quarter. Sound Income Strategies LLC now owns 12,711 shares of the exchange traded fund’s stock worth $156,000 after acquiring an additional 935 shares during the last quarter. Sigma Planning Corp increased 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 acquiring an additional 1,716 shares in the last quarter. Scotia Capital Inc. raised its position in shares of United States Natural Gas Fund by 10.4% in the 3rd quarter. Scotia Capital Inc. now owns 20,851 shares of the exchange traded fund’s stock worth $273,000 after purchasing an additional 1,969 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in United States Natural Gas Fund in the 4th quarter worth about $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.