United States Natural Gas Fund, LP (UNG) Short Interest Down 37.2% in November
United States Natural Gas Fund, LP (NYSE:UNG) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 11,117,695 shares, a drop of 37.2% from the October 31st total of 17,701,734 shares. Based on an average trading volume of 12,257,987 shares, the short-interest ratio is presently 0.9 days.
United States Natural Gas Fund, (NYSE:UNG) opened at 8.43 on Thursday. The firm has a 50-day moving average price of $8.14 and a 200 day moving average price of $8.06. United States Natural Gas Fund, has a 12 month low of $5.78 and a 12 month high of $9.64.
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.
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