United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Passes Below 50 Day Moving Average of $20.42

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $20.42 and traded as low as $20.88. United States Natural Gas Fund shares last traded at $21.22, with a volume of 109,977 shares changing hands.

The business’s 50 day simple moving average is $20.40.

A number of large investors have recently made changes to their positions in UNG. Flagship Harbor Advisors LLC acquired a new position in shares of United States Natural Gas Fund in the first quarter worth $46,000. Kynikos Associates LP increased its stake in shares of United States Natural Gas Fund by 5.2% in the first quarter. Kynikos Associates LP now owns 53,975 shares of the exchange traded fund’s stock worth $1,267,000 after acquiring an additional 2,668 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of United States Natural Gas Fund by 43.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,923 shares of the exchange traded fund’s stock worth $632,000 after acquiring an additional 8,099 shares during the last quarter. Solstein Capital LLC acquired a new position in shares of United States Natural Gas Fund in the first quarter worth $264,000. Finally, SG Americas Securities LLC increased its stake in shares of United States Natural Gas Fund by 161.9% in the first quarter. SG Americas Securities LLC now owns 31,951 shares of the exchange traded fund’s stock worth $750,000 after acquiring an additional 19,751 shares during the last quarter.

About United States Natural Gas Fund (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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