United States Natural Gas Fund, LP (NYSE:UNG) was the recipient of a significant growth in short interest during the month of January. As of January 13th, there was short interest totalling 19,908,915 shares, a growth of 16.9% from the December 30th total of 17,032,056 shares. Based on an average daily volume of 15,424,794 shares, the days-to-cover ratio is currently 1.3 days.
Shares of United States Natural Gas Fund, (NYSE:UNG) opened at 8.44 on Monday. United States Natural Gas Fund, has a 12 month low of $5.78 and a 12 month high of $9.74. The firm has a 50-day moving average price of $8.60 and a 200 day moving average price of $8.36.
About United States Natural Gas Fund,
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.