United States Natural Gas Fund, LP (NYSE:UNG) saw some unusual options trading activity on Friday. Investors purchased 18,683 call options on the company. This represents an increase of approximately 114% compared to the average daily volume of 8,732 call options.

United States Natural Gas Fund, (NYSE:UNG) opened at 6.24 on Monday. United States Natural Gas Fund, has a 52 week low of $6.20 and a 52 week high of $9.73. The stock has a 50 day moving average of $6.59 and a 200-day moving average of $6.93.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UNG. BNP Paribas Arbitrage SA boosted its position in shares of United States Natural Gas Fund, by 539.0% during the second quarter. BNP Paribas Arbitrage SA now owns 6,475,190 shares of the exchange traded fund’s stock valued at $43,902,000 after purchasing an additional 5,461,830 shares in the last quarter. First National Trust Co. bought a new stake in shares of United States Natural Gas Fund, during the second quarter valued at approximately $13,573,000. SG Americas Securities LLC bought a new stake in shares of United States Natural Gas Fund, during the second quarter valued at approximately $6,796,000. JPMorgan Chase & Co. boosted its position in shares of United States Natural Gas Fund, by 79,127.7% during the second quarter. JPMorgan Chase & Co. now owns 475,366 shares of the exchange traded fund’s stock valued at $3,223,000 after purchasing an additional 474,766 shares in the last quarter. Finally, Jump Trading LLC bought a new stake in shares of United States Natural Gas Fund, during the second quarter valued at approximately $372,000.

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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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