United States Natural Gas Fund (NYSEARCA:UNG) Reaches New 52-Week High – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG) hit a new 52-week high on Wednesday . The company traded as high as $21.88 and last traded at $22.16, with a volume of 1730582 shares trading hands. The stock had previously closed at $20.95.

United States Natural Gas Fund Stock Performance

The company has a market capitalization of $1.27 billion, a PE ratio of -11.60 and a beta of 0.17. The firm has a fifty day simple moving average of $17.45 and a 200-day simple moving average of $15.30.

Institutional Trading of United States Natural Gas Fund

Several institutional investors have recently added to or reduced their stakes in UNG. Hobbs Group Advisors LLC bought a new stake in United States Natural Gas Fund in the third quarter valued at about $29,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of United States Natural Gas Fund in the 4th quarter worth approximately $32,000. Transce3nd LLC bought a new stake in shares of United States Natural Gas Fund in the 4th quarter valued at approximately $137,000. Freedom Investment Management Inc. acquired a new stake in shares of United States Natural Gas Fund during the 3rd quarter valued at approximately $164,000. Finally, Northern Trust Corp lifted its stake in United States Natural Gas Fund by 5.5% during the fourth quarter. Northern Trust Corp now owns 11,077 shares of the exchange traded fund’s stock worth $186,000 after purchasing an additional 577 shares during 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.