United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Up to $20.55

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $20.55, but opened at $21.43. United States Natural Gas Fund shares last traded at $21.01, with a volume of 3,548,780 shares trading hands.

United States Natural Gas Fund Trading Down 1.6 %

The stock has a market capitalization of $1.17 billion, a PE ratio of -11.60 and a beta of 0.17. The stock’s fifty day simple moving average is $15.68 and its 200-day simple moving average is $18.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UNG. Bbjs Financial Advisors LLC raised its stake in shares of United States Natural Gas Fund by 37.0% in the fourth quarter. Bbjs Financial Advisors LLC now owns 683,875 shares of the exchange traded fund’s stock valued at $3,467,000 after buying an additional 184,662 shares during the period. Texas Capital Bank Wealth Management Services Inc lifted its holdings in 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 valued at $2,535,000 after purchasing an additional 160,000 shares during the last quarter. Jump Financial LLC bought a new position in United States Natural Gas Fund during the fourth quarter worth about $1,780,000. Daiwa Securities Group Inc. increased its stake in shares of United States Natural Gas Fund by 32.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 285,875 shares of the exchange traded fund’s stock worth $1,449,000 after purchasing an additional 70,300 shares in the last quarter. Finally, Shah Capital Management bought a new stake in shares of United States Natural Gas Fund in the first quarter valued at approximately $3,124,000.

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.