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

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price gapped down before the market opened 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 changing hands.

United States Natural Gas Fund Stock Performance

The firm’s 50 day simple moving average is $15.41 and its 200-day simple moving average is $20.65. The company has a market capitalization of $784.21 million, a price-to-earnings ratio of -11.91 and a beta of 0.16.

Institutional Trading of United States Natural Gas Fund

Several large investors have recently added to or reduced their stakes in UNG. Jump Financial LLC purchased a new position in shares of United States Natural Gas Fund during the 4th quarter valued at $1,780,000. Bbjs Financial Advisors LLC grew its holdings in shares of United States Natural Gas Fund by 37.0% during the 4th quarter. Bbjs Financial Advisors LLC now owns 683,875 shares of the exchange traded fund’s stock valued at $3,467,000 after acquiring an additional 184,662 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc grew its holdings in shares of United States Natural Gas Fund by 47.1% during the 4th 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 acquiring an additional 160,000 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of United States Natural Gas Fund during the 3rd quarter valued at $682,000. Finally, Advisor Resource Council grew its holdings in shares of United States Natural Gas Fund by 617.4% during the 4th quarter. Advisor Resource Council now owns 112,898 shares of the exchange traded fund’s stock valued at $572,000 after acquiring an additional 97,161 shares in 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.