Short Interest in United States Natural Gas Fund, LP (UNG) Expands By 30.2%
United States Natural Gas Fund, LP (NYSE:UNG) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 17,193,230 shares, an increase of 30.2% from the August 15th total of 13,202,930 shares. Based on an average daily trading volume, of 5,841,696 shares, the days-to-cover ratio is currently 2.9 days.
Shares of United States Natural Gas Fund, (NYSE:UNG) opened at 8.67 on Friday. The stock has a 50 day moving average price of $8.15 and a 200 day moving average price of $7.39. United States Natural Gas Fund, has a one year low of $5.78 and a one year high of $12.75.
United States Natural Gas Fund, Company Profile
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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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