United States Natural Gas Fund (NYSEARCA:UNG) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.80 and traded as high as $11.85. United States Natural Gas Fund shares last traded at $11.60, with a volume of 5,938,160 shares.

United States Natural Gas Fund Price Performance

The firm’s 50 day moving average is $11.38 and its two-hundred day moving average is $11.79. The firm has a market capitalization of $375.77 million, a P/E ratio of -15.04 and a beta of 0.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of United States Natural Gas Fund during the 4th quarter worth about $25,000. Flagship Harbor Advisors LLC bought a new position in United States Natural Gas Fund during the fourth quarter worth about $36,000. Fifth Third Bancorp bought a new position in United States Natural Gas Fund during the first quarter worth about $37,000. Main Street Group LTD acquired a new position in United States Natural Gas Fund during the first quarter worth approximately $42,000. Finally, Comerica Bank increased its position in United States Natural Gas Fund by 1,412.9% during the first quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 2,515 shares during the last quarter.

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.