United States Natural Gas Fund (UNG) Trading 8.1% Higher

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United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price traded up 8.1% during mid-day trading on Monday . The company traded as high as $29.07 and last traded at $28.93. 8,824,819 shares were traded during mid-day trading, an increase of 169% from the average session volume of 3,275,512 shares. The stock had previously closed at $26.75.

A number of hedge funds have recently made changes to their positions in UNG. BNP Paribas Arbitrage SA raised its holdings in United States Natural Gas Fund by 46.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,059,513 shares of the exchange traded fund’s stock worth $96,210,000 after purchasing an additional 1,293,744 shares during the period. XR Securities LLC raised its holdings in United States Natural Gas Fund by 447.9% in the third quarter. XR Securities LLC now owns 116,954 shares of the exchange traded fund’s stock worth $2,904,000 after purchasing an additional 95,609 shares during the period. Commerzbank Aktiengesellschaft FI raised its holdings in United States Natural Gas Fund by 4.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 668,326 shares of the exchange traded fund’s stock worth $15,839,000 after purchasing an additional 26,290 shares during the period. Nomura Holdings Inc. raised its holdings in United States Natural Gas Fund by 64.1% in the second quarter. Nomura Holdings Inc. now owns 56,835 shares of the exchange traded fund’s stock worth $1,347,000 after purchasing an additional 22,208 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in United States Natural Gas Fund in the second quarter worth $481,000.

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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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