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 stock price passed 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 trading hands.

United States Natural Gas Fund Trading Up 2.6 %

The firm has a market cap of $1.13 billion, a PE ratio of -11.60 and a beta of 0.17. The company’s 50-day moving average is $16.89 and its 200 day moving average is $15.09.

Institutional Investors Weigh In On United States Natural Gas Fund

Hedge funds have recently made changes to their positions in the company. Northern Trust Corp lifted 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 buying an additional 577 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in United States Natural Gas Fund in the 4th quarter worth approximately $573,000. Two Sigma Securities LLC lifted its position in United States Natural Gas Fund by 29.9% in the 4th quarter. Two Sigma Securities LLC now owns 22,545 shares of the exchange traded fund’s stock worth $379,000 after buying an additional 5,195 shares in the last quarter. Transce3nd LLC purchased a new stake in United States Natural Gas Fund in the 4th quarter worth approximately $137,000. Finally, Barclays PLC raised its holdings in shares of United States Natural Gas Fund by 21.2% during the 4th quarter. Barclays PLC now owns 92,376 shares of the exchange traded fund’s stock valued at $1,552,000 after purchasing an additional 16,162 shares in 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.