United States Natural Gas Fund (NYSEARCA:UNG) Sees Strong Trading Volume – Here’s What Happened

United States Natural Gas Fund LP (NYSEARCA:UNG) saw an uptick in trading volume on Wednesday. 21,272,385 shares traded hands during trading, an increase of 64% from the previous session’s volume of 12,953,487 shares. The stock last traded at $10.8330 and had previously closed at $10.86.

United States Natural Gas Fund Trading Up 6.3%

The stock has a fifty day simple moving average of $10.27 and a two-hundred day simple moving average of $10.99. The company has a market cap of $626.59 million, a PE ratio of -15.04 and a beta of 0.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Daiwa Securities Group Inc. lifted its holdings in United States Natural Gas Fund by 8.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 132,193 shares of the exchange traded fund’s stock valued at $1,621,000 after acquiring an additional 10,000 shares during the period. Realta Investment Advisors grew its stake in shares of United States Natural Gas Fund by 14.3% during the 1st quarter. Realta Investment Advisors now owns 56,000 shares of the exchange traded fund’s stock worth $657,000 after purchasing an additional 7,000 shares during the period. SG Americas Securities LLC increased its holdings in shares of United States Natural Gas Fund by 50.7% in the 1st quarter. SG Americas Securities LLC now owns 53,210 shares of the exchange traded fund’s stock valued at $624,000 after purchasing an additional 17,900 shares in the last quarter. Compound Planning Inc. boosted its holdings in United States Natural Gas Fund by 23.5% during the first quarter. Compound Planning Inc. now owns 25,782 shares of the exchange traded fund’s stock worth $302,000 after buying an additional 4,901 shares in the last quarter. Finally, Axiom Investment Management LLC acquired a new position in United States Natural Gas Fund during the first quarter worth about $229,000.

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.