United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down to $14.86

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) gapped down before the market opened on Wednesday . The stock had previously closed at $14.86, but opened at $14.29. United States Natural Gas Fund shares last traded at $14.29, with a volume of 837,402 shares changing hands.

United States Natural Gas Fund Trading Down 3.9 %

The company’s fifty day moving average is $17.71 and its 200 day moving average is $17.28. The company has a market cap of $792.69 million, a P/E ratio of -11.60 and a beta of 0.17.

Institutional Investors Weigh In On United States Natural Gas Fund

Several institutional investors have recently added to or reduced their stakes in UNG. Principal Securities Inc. purchased a new stake in shares of United States Natural Gas Fund in the 4th quarter worth about $25,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of United States Natural Gas Fund in the 4th quarter worth about $31,000. Choreo LLC purchased a new stake in shares of United States Natural Gas Fund in the 4th quarter worth about $56,000. MONECO Advisors LLC purchased a new stake in shares of United States Natural Gas Fund in the 4th quarter worth about $63,000. Finally, Vawter Financial Ltd. lifted its position in shares of United States Natural Gas Fund by 25.0% in the 4th quarter. Vawter Financial Ltd. now owns 12,500 shares of the exchange traded fund’s stock worth $63,000 after purchasing an additional 2,500 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.