United States Natural Gas Fund, LP (NYSE:UNG) was the recipient of some unusual options trading activity on Monday. Investors purchased 15,255 put options on the company. This is an increase of approximately 406% compared to the average daily volume of 3,017 put options.
United States Natural Gas Fund, (NYSE:UNG) opened at 6.25 on Friday. The firm’s 50-day moving average is $6.64 and its 200 day moving average is $7.23. United States Natural Gas Fund, has a 52 week low of $6.20 and a 52 week high of $9.73.
Several hedge funds have recently modified their holdings of the company. Wedbush Securities Inc. boosted its stake in shares of United States Natural Gas Fund, by 8.6% in the second quarter. Wedbush Securities Inc. now owns 89,649 shares of the exchange traded fund’s stock worth $608,000 after buying an additional 7,100 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of United States Natural Gas Fund, by 32.9% in the second quarter. Daiwa Securities Group Inc. now owns 33,100 shares of the exchange traded fund’s stock worth $224,000 after buying an additional 8,200 shares during the last quarter. ING Groep NV boosted its stake in shares of United States Natural Gas Fund, by 117.7% in the second quarter. ING Groep NV now owns 23,950 shares of the exchange traded fund’s stock worth $162,000 after buying an additional 12,950 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of United States Natural Gas Fund, during the second quarter worth about $6,796,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of United States Natural Gas Fund, by 539.0% in the second quarter. BNP Paribas Arbitrage SA now owns 6,475,190 shares of the exchange traded fund’s stock worth $43,902,000 after buying an additional 5,461,830 shares during the last quarter.
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United States Natural Gas Fund, Company Profile
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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