United States Natural Gas Fund LP (NYSEARCA:UNG – Get Rating) was the target of unusually large options trading on Thursday. Investors purchased 129,901 call options on the stock. This represents an increase of 44% compared to the average daily volume of 90,278 call options.
Institutional Investors Weigh In On United States Natural Gas Fund
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in shares of United States Natural Gas Fund by 5.2% in the third quarter. Envestnet Asset Management Inc. now owns 12,253 shares of the exchange traded fund’s stock valued at $286,000 after purchasing an additional 611 shares during the last quarter. Commonwealth Equity Services LLC grew its position in United States Natural Gas Fund by 5.1% during the third quarter. Commonwealth Equity Services LLC now owns 24,689 shares of the exchange traded fund’s stock worth $577,000 after buying an additional 1,197 shares in the last quarter. Kestra Advisory Services LLC grew its position in United States Natural Gas Fund by 3.5% during the fourth quarter. Kestra Advisory Services LLC now owns 50,048 shares of the exchange traded fund’s stock worth $706,000 after buying an additional 1,676 shares in the last quarter. Advisory Services Network LLC grew its position in United States Natural Gas Fund by 19.7% during the first quarter. Advisory Services Network LLC now owns 10,960 shares of the exchange traded fund’s stock worth $216,000 after buying an additional 1,800 shares in the last quarter. Finally, Tradition Wealth Management LLC acquired a new stake in United States Natural Gas Fund during the fourth quarter worth about $39,000.
United States Natural Gas Fund Stock Performance
NYSEARCA UNG opened at $6.41 on Friday. United States Natural Gas Fund has a fifty-two week low of $6.32 and a fifty-two week high of $34.50. The stock’s 50-day moving average is $8.10 and its two-hundred day moving average is $15.01.
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.
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