United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down – Should You Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $14.11, but opened at $13.79. United States Natural Gas Fund shares last traded at $13.88, with a volume of 532,389 shares trading hands.

United States Natural Gas Fund Price Performance

The company has a market cap of $770.78 million, a price-to-earnings ratio of -11.60 and a beta of 0.17. The firm has a 50-day moving average price of $14.32 and a 200 day moving average price of $15.56.

Institutional Trading of United States Natural Gas Fund

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC increased its stake in United States Natural Gas Fund by 1,506.8% in the third quarter. International Assets Investment Management LLC now owns 46,116 shares of the exchange traded fund’s stock valued at $753,000 after acquiring an additional 43,246 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in United States Natural Gas Fund in the 1st quarter valued at approximately $235,000. Cetera Investment Advisers boosted its position in United States Natural Gas Fund by 13.5% in the second quarter. Cetera Investment Advisers now owns 117,826 shares of the exchange traded fund’s stock valued at $2,054,000 after buying an additional 14,052 shares in the last quarter. Daymark Wealth Partners LLC increased its holdings in shares of United States Natural Gas Fund by 17.2% during the third quarter. Daymark Wealth Partners LLC now owns 19,250 shares of the exchange traded fund’s stock worth $314,000 after buying an additional 2,825 shares in the last quarter. Finally, Sweet Financial Partners LLC lifted its stake in shares of United States Natural Gas Fund by 18.7% in the 3rd quarter. Sweet Financial Partners LLC now owns 21,125 shares of the exchange traded fund’s stock valued at $345,000 after acquiring an additional 3,325 shares during the last quarter.

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.