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

United States Natural Gas Fund LP (NYSEARCA:UNG) gapped down prior to trading on Monday . The stock had previously closed at $22.09, but opened at $21.04. United States Natural Gas Fund shares last traded at $21.01, with a volume of 1,805,040 shares trading hands.

United States Natural Gas Fund Trading Down 1.9 %

The stock has a market cap of $1.38 billion, a P/E ratio of -18.00 and a beta of 0.28. The business has a 50-day simple moving average of $17.90 and a 200 day simple moving average of $15.50.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of UNG. International Assets Investment Management LLC raised its holdings in United States Natural Gas Fund by 1,506.8% during the third quarter. International Assets Investment Management LLC now owns 46,116 shares of the exchange traded fund’s stock worth $753,000 after buying an additional 43,246 shares during the last quarter. Private Wealth Partners LLC raised its holdings in shares of United States Natural Gas Fund by 100.0% in the 3rd quarter. Private Wealth Partners LLC now owns 20,000 shares of the exchange traded fund’s stock worth $327,000 after acquiring an additional 10,000 shares during the last quarter. Sigma Planning Corp acquired a new stake in shares of United States Natural Gas Fund in the 3rd quarter worth about $318,000. Hourglass Capital LLC bought a new position in United States Natural Gas Fund in the 3rd quarter valued at about $204,000. Finally, Daiwa Securities Group Inc. boosted its stake in United States Natural Gas Fund by 17.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 88,893 shares of the exchange traded fund’s stock valued at $1,452,000 after purchasing an additional 13,400 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.