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

United States Natural Gas Fund LP (NYSEARCA:UNG) shares gapped up prior to trading on Monday . The stock had previously closed at $21.33, but opened at $22.12. United States Natural Gas Fund shares last traded at $21.62, with a volume of 1,079,814 shares changing hands.

United States Natural Gas Fund Price Performance

The company has a market cap of $516.71 million, a P/E ratio of -18.04 and a beta of 0.20. The stock’s 50-day moving average price is $20.09 and its 200-day moving average price is $16.75.

Institutional Investors Weigh In On United States Natural Gas Fund

A number of large investors have recently modified their holdings of the business. Northern Trust Corp grew its stake in shares of United States Natural Gas Fund by 5.5% in the fourth 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. BNP Paribas Financial Markets lifted its holdings in United States Natural Gas Fund by 5.8% in the fourth quarter. BNP Paribas Financial Markets now owns 30,167 shares of the exchange traded fund’s stock valued at $507,000 after buying an additional 1,647 shares during the period. Hobbs Group Advisors LLC acquired a new stake in United States Natural Gas Fund during the third quarter worth approximately $29,000. Mountain Hill Investment Partners Corp. bought a new position in shares of United States Natural Gas Fund during the 4th quarter worth approximately $32,000. Finally, Wells Fargo & Company MN grew its position in shares of United States Natural Gas Fund by 0.8% during the 4th quarter. Wells Fargo & Company MN now owns 349,559 shares of the exchange traded fund’s stock worth $5,876,000 after buying an additional 2,644 shares during the period.

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.