United States Natural Gas Fund (NYSEARCA:UNG) Shares Up 3.8%

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price shot up 3.8% on Wednesday . The stock traded as high as $14.88 and last traded at $14.87. 1,432,891 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 7,168,299 shares. The stock had previously closed at $14.33.

United States Natural Gas Fund Trading Up 3.6 %

The company’s fifty day moving average is $16.33 and its two-hundred day moving average is $16.40. The stock has a market cap of $856.10 million, a price-to-earnings ratio of -11.60 and a beta of 0.17.

Institutional Trading of United States Natural Gas Fund

A number of large investors have recently modified their holdings of the stock. J.W. Cole Advisors Inc. purchased a new stake in shares of United States Natural Gas Fund during the second quarter worth $184,000. International Assets Investment Management LLC purchased a new stake in shares of United States Natural Gas Fund during the second quarter worth $50,000. Virtu Financial LLC purchased a new stake in shares of United States Natural Gas Fund during the first quarter worth $861,000. Creekmur Asset Management LLC purchased a new stake in shares of United States Natural Gas Fund during the first quarter worth $63,000. Finally, Shah Capital Management purchased a new stake in shares of United States Natural Gas Fund during the first quarter worth $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.