United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Down 4.4% – Should You Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price traded down 4.4% during mid-day trading on Wednesday . The stock traded as low as $22.28 and last traded at $22.26. 537,229 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 7,623,395 shares. The stock had previously closed at $23.28.

United States Natural Gas Fund Price Performance

The business has a fifty day simple moving average of $19.18 and a two-hundred day simple moving average of $16.06. The company has a market cap of $1.41 billion, a PE ratio of -18.00 and a beta of 0.28.

Hedge Funds Weigh In On United States Natural Gas Fund

A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in United States Natural Gas Fund in the fourth quarter valued at approximately $267,000. Freedom Investment Management Inc. purchased a new position in United States Natural Gas Fund during the third quarter worth about $164,000. The Manufacturers Life Insurance Company boosted its position in United States Natural Gas Fund by 135.7% during the third quarter. The Manufacturers Life Insurance Company now owns 545,504 shares of the exchange traded fund’s stock worth $8,908,000 after acquiring an additional 314,057 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in United States Natural Gas Fund during the third quarter worth approximately $29,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of United States Natural Gas Fund by 17.7% in 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.