United States Natural Gas Fund (NYSEARCA:UNG) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.05 and traded as high as $19.94. United States Natural Gas Fund shares last traded at $19.15, with a volume of 8,311,028 shares changing hands.

United States Natural Gas Fund Trading Up 2.6 %

The firm has a market cap of $1.13 billion, a P/E ratio of -11.60 and a beta of 0.17. The business’s fifty day moving average price is $16.89 and its two-hundred day moving average price is $15.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of UNG. Hobbs Group Advisors LLC acquired a new position in United States Natural Gas Fund in the 3rd quarter valued at $29,000. Mountain Hill Investment Partners Corp. acquired a new stake in United States Natural Gas Fund in the 4th quarter worth $32,000. Transce3nd LLC acquired a new stake in United States Natural Gas Fund in the 4th quarter worth $137,000. Freedom Investment Management Inc. acquired a new stake in United States Natural Gas Fund in the 3rd quarter worth $164,000. Finally, Northern Trust Corp grew its position in United States Natural Gas Fund by 5.5% in the 4th quarter. Northern Trust Corp now owns 11,077 shares of the exchange traded fund’s stock worth $186,000 after purchasing an additional 577 shares during the last quarter.

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.