United States Natural Gas Fund (UNG) Trading Down 6.1%

United States Natural Gas Fund LP (NYSEARCA:UNG) shares dropped 6.1% during mid-day trading on Monday . The stock traded as low as $25.50 and last traded at $25.73. Approximately 3,394,820 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 3,729,796 shares. The stock had previously closed at $27.40.

Institutional investors and hedge funds have recently made changes to their positions in the company. XR Securities LLC raised its holdings in shares of United States Natural Gas Fund by 447.9% during the third quarter. XR Securities LLC now owns 116,954 shares of the exchange traded fund’s stock worth $2,904,000 after acquiring an additional 95,609 shares during the period. Polianta Ltd boosted its holdings in United States Natural Gas Fund by 49.4% in the 4th quarter. Polianta Ltd now owns 119,000 shares of the exchange traded fund’s stock valued at $2,940,000 after purchasing an additional 39,350 shares during the period. Credit Suisse AG raised its position in shares of United States Natural Gas Fund by 48.3% in the 3rd quarter. Credit Suisse AG now owns 104,845 shares of the exchange traded fund’s stock valued at $2,603,000 after buying an additional 34,128 shares in the last quarter. Finally, Wedbush Securities Inc. raised its position in shares of United States Natural Gas Fund by 12.6% in the 3rd quarter. Wedbush Securities Inc. now owns 40,287 shares of the exchange traded fund’s stock valued at $1,000,000 after buying an additional 4,500 shares in the last quarter.

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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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