United States Natural Gas Fund (NYSEARCA:UNG) Trading 5% Higher – Here’s What Happened

United States Natural Gas Fund LP (NYSEARCA:UNG) traded up 5% during mid-day trading on Thursday . The company traded as high as $15.30 and last traded at $15.27. 7,509,762 shares traded hands during trading, an increase of 4% from the average session volume of 7,251,364 shares. The stock had previously closed at $14.54.

United States Natural Gas Fund Stock Performance

The firm’s fifty day moving average is $13.79 and its 200 day moving average is $15.00. The firm has a market cap of $914.91 million, a P/E ratio of -11.60 and a beta of 0.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UNG. International Assets Investment Management LLC acquired a new stake in shares of United States Natural Gas Fund during the 2nd quarter worth approximately $50,000. J.W. Cole Advisors Inc. bought a new position in shares of United States Natural Gas Fund during the second quarter worth about $184,000. Insigneo Advisory Services LLC acquired a new position in shares of United States Natural Gas Fund in the 2nd quarter worth approximately $417,000. The Manufacturers Life Insurance Company acquired a new position in United States Natural Gas Fund in the second quarter valued at $4,034,000. Finally, Creative Planning bought a new stake in shares of United States Natural Gas Fund during the 2nd quarter valued at about $379,000.

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.