United States Natural Gas Fund Target of Unusually High Options Trading (NYSEARCA:UNG)

United States Natural Gas Fund LP (NYSEARCA:UNG) was the target of some unusual options trading on Friday. Stock traders purchased 97,187 call options on the company. This represents an increase of approximately 166% compared to the average daily volume of 36,475 call options.

United States Natural Gas Fund Stock Down 7.7%

UNG stock traded down $0.87 during mid-day trading on Friday, reaching $10.40. The company had a trading volume of 39,962,287 shares, compared to its average volume of 24,901,506. United States Natural Gas Fund has a one year low of $10.38 and a one year high of $24.33. The stock has a market capitalization of $480.05 million, a P/E ratio of -15.04 and a beta of -0.12. The stock’s 50-day simple moving average is $13.57 and its two-hundred day simple moving average is $13.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Insigneo Advisory Services LLC grew its holdings in shares of United States Natural Gas Fund by 3.9% during the third quarter. Insigneo Advisory Services LLC now owns 20,965 shares of the exchange traded fund’s stock valued at $274,000 after buying an additional 779 shares in the last quarter. Scotia Capital Inc. lifted its position in United States Natural Gas Fund by 6.8% in the 2nd quarter. Scotia Capital Inc. now owns 18,882 shares of the exchange traded fund’s stock worth $289,000 after buying an additional 1,205 shares in the last quarter. Prospera Financial Services Inc boosted its stake in shares of United States Natural Gas Fund by 11.0% during the 3rd quarter. Prospera Financial Services Inc now owns 13,374 shares of the exchange traded fund’s stock valued at $175,000 after buying an additional 1,320 shares during the period. Comerica Bank grew its holdings in shares of United States Natural Gas Fund by 1,412.9% during the 1st quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 2,515 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of United States Natural Gas Fund by 55.0% in the third quarter. BNP Paribas Financial Markets now owns 7,305 shares of the exchange traded fund’s stock worth $95,000 after acquiring an additional 2,593 shares during the last quarter.

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.