United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down – Should You Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG) shares gapped down before the market opened on Tuesday . The stock had previously closed at $18.22, but opened at $17.73. United States Natural Gas Fund shares last traded at $17.94, with a volume of 1,304,035 shares changing hands.

United States Natural Gas Fund Price Performance

The stock has a market capitalization of $1.04 billion, a P/E ratio of -11.60 and a beta of 0.17. The business’s 50 day simple moving average is $14.85 and its 200-day simple moving average is $14.60.

Hedge Funds Weigh In On United States Natural Gas Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of UNG. Kieckhefer Group LLC bought a new position in shares of United States Natural Gas Fund during the fourth quarter worth $641,000. Virtu Financial LLC bought a new position in shares of United States Natural Gas Fund during the third quarter worth $6,482,000. Hobbs Group Advisors LLC bought a new position in shares of United States Natural Gas Fund during the third quarter worth $29,000. MML Investors Services LLC bought a new position in shares of United States Natural Gas Fund during the third quarter worth $712,000. Finally, Quadrature Capital Ltd bought a new position in shares of United States Natural Gas Fund during the third quarter worth $6,751,000.

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.