Investors Buy Large Volume of United States Natural Gas Fund Call Options (NYSEARCA:UNG)

United States Natural Gas Fund LP (NYSEARCA:UNG) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 42,701 call options on the stock. This represents an increase of 32% compared to the typical volume of 32,266 call options.

Hedge Funds Weigh In On United States Natural Gas Fund

A number of hedge funds have recently bought and sold shares of the company. Chiron Capital Management LLC boosted its holdings in United States Natural Gas Fund by 248.4% in the third quarter. Chiron Capital Management LLC now owns 45,303 shares of the exchange traded fund’s stock worth $470,000 after purchasing an additional 32,300 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of United States Natural Gas Fund during the third quarter worth $156,000. First Heartland Consultants Inc. bought a new position in shares of United States Natural Gas Fund in the 3rd quarter worth about $126,000. Integrated Wealth Concepts LLC bought a new position in shares of United States Natural Gas Fund in the 2nd quarter worth about $199,000. Finally, Compass Financial Management LLC bought a new stake in shares of United States Natural Gas Fund during the 2nd quarter valued at about $26,000.

United States Natural Gas Fund Trading Down 1.2%

Shares of United States Natural Gas Fund stock traded down $0.12 during mid-day trading on Tuesday, hitting $10.34. 10,560,427 shares of the stock were exchanged, compared to its average volume of 14,795,371. The stock has a market capitalization of $460.42 million, a price-to-earnings ratio of -15.04 and a beta of 0.21. The company has a 50-day simple moving average of $10.49 and a 200 day simple moving average of $10.81. United States Natural Gas Fund has a twelve month low of $9.55 and a twelve month high of $17.02.

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.