United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Up to $18.68

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $18.81, but opened at $18.68. United States Natural Gas Fund shares last traded at $18.29, with a volume of 254,903 shares.

The business’s fifty day moving average is $20.25 and its 200-day moving average is $20.24.

Several large investors have recently bought and sold shares of UNG. Commonwealth Equity Services LLC bought a new position in shares of United States Natural Gas Fund during the 2nd quarter valued at approximately $207,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of United States Natural Gas Fund by 86.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,187 shares of the exchange traded fund’s stock valued at $282,000 after purchasing an additional 6,568 shares during the period. Traynor Capital Management Inc. purchased a new position in United States Natural Gas Fund during the 2nd quarter valued at about $330,000. Daiwa Securities Group Inc. increased its position in United States Natural Gas Fund by 15.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 32,975 shares of the exchange traded fund’s stock valued at $656,000 after purchasing an additional 4,500 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of United States Natural Gas Fund by 379.4% in the 2nd quarter. Wells Fargo & Company MN now owns 35,579 shares of the exchange traded fund’s stock worth $707,000 after purchasing an additional 28,158 shares during the period.

United States Natural Gas Fund Company Profile (NYSEARCA:UNG)

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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