Short Interest in United States Natural Gas Fund LP (NYSEARCA:UNG) Declines By 40.9%

United States Natural Gas Fund LP (NYSEARCA:UNG) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 3,103,119 shares, a drop of 40.9% from the April 15th total of 5,249,682 shares. Currently, 6.4% of the shares of the company are short sold. Based on an average daily trading volume, of 9,975,700 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UNG. Steward Partners Investment Advisory LLC bought a new position in shares of United States Natural Gas Fund in the fourth quarter worth $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of United States Natural Gas Fund during the fourth quarter worth $36,000. Fifth Third Bancorp bought a new stake in shares of United States Natural Gas Fund during the first quarter worth $37,000. Main Street Group LTD bought a new stake in shares of United States Natural Gas Fund during the first quarter worth $42,000. Finally, Comerica Bank grew its stake in shares of United States Natural Gas Fund by 1,412.9% during the first quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 2,515 shares during the last quarter.

United States Natural Gas Fund Trading Up 1.5%

UNG stock traded up $0.17 during trading hours on Friday, hitting $11.33. 8,899,346 shares of the stock were exchanged, compared to its average volume of 15,714,486. The firm has a market capitalization of $550.07 million, a P/E ratio of -15.04 and a beta of 0.03. The company has a 50-day simple moving average of $11.38 and a two-hundred day simple moving average of $12.46. United States Natural Gas Fund has a 12 month low of $9.95 and a 12 month high of $18.12.

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.