United States Natural Gas Fund (NYSEARCA:UNG) Trading 5.2% Higher

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United States Natural Gas Fund, LP (NYSEARCA:UNG)’s stock price traded up 5.2% during mid-day trading on Wednesday . The company traded as high as $10.88 and last traded at $10.85. 5,645,958 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 5,827,828 shares. The stock had previously closed at $10.31.

The company’s fifty day moving average price is $9.68 and its two-hundred day moving average price is $11.20.

Hedge funds have recently made changes to their positions in the company. Flagship Harbor Advisors LLC raised its stake in shares of United States Natural Gas Fund by 133,233.3% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 4,000 shares of the exchange traded fund’s stock valued at $45,000 after acquiring an additional 3,997 shares during the period. Advisory Services Network LLC boosted its position in shares of United States Natural Gas Fund by 946.2% in the fourth quarter. Advisory Services Network LLC now owns 5,639 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 5,100 shares during the period. Kore Private Wealth LLC boosted its position in shares of United States Natural Gas Fund by 18.6% in the third quarter. Kore Private Wealth LLC now owns 10,186 shares of the exchange traded fund’s stock worth $116,000 after buying an additional 1,596 shares during the period. Private Advisor Group LLC boosted its position in shares of United States Natural Gas Fund by 631.8% in the third quarter. Private Advisor Group LLC now owns 11,335 shares of the exchange traded fund’s stock worth $129,000 after buying an additional 9,786 shares during the period. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of United States Natural Gas Fund in the fourth quarter worth about $140,000.

United States Natural Gas Fund Company Profile (NYSEARCA:UNG)

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.

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