United States Natural Gas Fund Sees Unusually High Options Volume (NYSEARCA:UNG)

United States Natural Gas Fund LP (NYSEARCA:UNG) was the recipient of some unusual options trading on Monday. Stock investors purchased 54,756 call options on the stock. This is an increase of 57% compared to the average volume of 34,834 call options.

United States Natural Gas Fund Price Performance

Shares of NYSEARCA:UNG traded up $0.72 during midday trading on Monday, hitting $10.07. 25,979,893 shares of the company’s stock were exchanged, compared to its average volume of 15,321,721. United States Natural Gas Fund has a 12 month low of $8.94 and a 12 month high of $17.02. The company has a market cap of $619.11 million, a PE ratio of -15.04 and a beta of 0.27. The stock has a 50 day moving average price of $10.32 and a 200-day moving average price of $11.15.

Hedge Funds Weigh In On United States Natural Gas Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. StoneX Group Inc. bought a new stake in United States Natural Gas Fund during the third quarter valued at $176,000. Blueprint Investment Partners LLC purchased a new stake in United States Natural Gas Fund in the third quarter valued at approximately $311,000. Blueprint Financial Advisors LLC bought a new stake in United States Natural Gas Fund in the 3rd quarter worth approximately $311,000. Apollon Wealth Management LLC purchased a new position in shares of United States Natural Gas Fund in the third quarter worth about $112,000. Finally, Sigma Planning Corp raised its stake in shares of United States Natural Gas Fund by 17.3% during the third quarter. Sigma Planning Corp now owns 17,876 shares of the exchange traded fund’s stock valued at $185,000 after acquiring an additional 2,642 shares during 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.