United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down to $15.44

United States Natural Gas Fund LP (NYSEARCA:UNG) gapped down prior to trading on Wednesday . The stock had previously closed at $15.44, but opened at $14.90. United States Natural Gas Fund shares last traded at $14.72, with a volume of 1,573,889 shares trading hands.

United States Natural Gas Fund Price Performance

The firm has a 50-day simple moving average of $15.41 and a two-hundred day simple moving average of $20.65. The company has a market cap of $784.21 million, a PE ratio of -11.91 and a beta of 0.16.

Institutional Investors Weigh In On United States Natural Gas Fund

Several hedge funds have recently made changes to their positions in UNG. Jump Financial LLC acquired a new stake in shares of United States Natural Gas Fund during the fourth quarter worth $1,780,000. Bbjs Financial Advisors LLC boosted its holdings in shares of United States Natural Gas Fund by 37.0% during the fourth quarter. Bbjs Financial Advisors LLC now owns 683,875 shares of the exchange traded fund’s stock worth $3,467,000 after purchasing an additional 184,662 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its holdings in shares of United States Natural Gas Fund by 47.1% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 500,000 shares of the exchange traded fund’s stock worth $2,535,000 after purchasing an additional 160,000 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of United States Natural Gas Fund during the third quarter worth $682,000. Finally, Advisor Resource Council boosted its holdings in shares of United States Natural Gas Fund by 617.4% during the fourth quarter. Advisor Resource Council now owns 112,898 shares of the exchange traded fund’s stock worth $572,000 after purchasing an additional 97,161 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.