United States Natural Gas Fund (NYSEARCA:UNG) Hits New 52-Week Low at $14.47

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $14.47 and last traded at $14.47, with a volume of 489528 shares. The stock had previously closed at $14.96.

United States Natural Gas Fund Price Performance

The stock has a 50-day simple moving average of $16.82 and a 200-day simple moving average of $22.18.

Institutional Investors Weigh In On United States Natural Gas Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. S.A. Mason LLC lifted its stake in United States Natural Gas Fund by 96.0% during the third quarter. S.A. Mason LLC now owns 3,675 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 1,800 shares during the last quarter. Principal Securities Inc. bought a new position in United States Natural Gas Fund in the fourth quarter worth about $25,000. MeadowBrook Investment Advisors LLC bought a new position in shares of United States Natural Gas Fund during the fourth quarter valued at approximately $31,000. Tower Research Capital LLC TRC raised its position in shares of United States Natural Gas Fund by 26,613.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 6,144 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 6,121 shares during the period. Finally, Coppell Advisory Solutions Corp. bought a new stake in shares of United States Natural Gas Fund in the 4th quarter worth approximately $47,000.

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.