United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Up to $13.48

United States Natural Gas Fund LP (NYSEARCA:UNG) shares gapped up before the market opened on Tuesday . The stock had previously closed at $13.48, but opened at $14.03. United States Natural Gas Fund shares last traded at $13.97, with a volume of 1,542,046 shares changing hands.

United States Natural Gas Fund Trading Up 3.3 %

The stock has a 50-day moving average price of $14.27 and a two-hundred day moving average price of $15.91. The stock has a market cap of $802.49 million, a price-to-earnings ratio of -11.60 and a beta of 0.17.

Institutional Trading of United States Natural Gas Fund

Several large investors have recently bought and sold shares of UNG. Jump Financial LLC acquired a new position in United States Natural Gas Fund in the 4th quarter worth approximately $1,780,000. The Manufacturers Life Insurance Company purchased a new stake in shares of United States Natural Gas Fund in the 2nd quarter valued at $4,034,000. Shah Capital Management acquired a new stake in shares of United States Natural Gas Fund in the first quarter worth $3,124,000. Texas Capital Bank Wealth Management Services Inc lifted its holdings in United States Natural Gas Fund by 47.1% in the fourth 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 during the period. Finally, Vantage Financial Partners LLC boosted its stake in shares of United States Natural Gas Fund by 300.0% during the 4th quarter. Vantage Financial Partners LLC now owns 80,000 shares of the exchange traded fund’s stock worth $406,000 after acquiring an additional 60,000 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.