The United States Natural Gas Fund, LP (UNG) underperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a -2.56% one-day return and trailing the wider markets by a total of 2.95 percentage points.

Behind The Losses

UNG closed today at $7.60 per share, down $0.20 (-2.56%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed up $0.91 (+0.39%) on the day.

UNG’s trading volume today was a total of 8,129,774 shares, which was a decrease of 28% versus its average daily trading volume of 11,274,659. Rising trading volume generally an indicator of increased demand for a particular security, and is typically associated with a specific news event or trend that draws investors into or out of specific asset classes, or sectors or subsectors within those classes.

Including any dividends as well as today’s losses, UNG has now fallen a total of -18.63% year-to-date, versus a 3.57% gain in the S&P 500 during the same timeframe.

A Look Under The Hood

United States Natural Gas Fund, LP is a Commodity-focused product issued by U.S. Commodity Funds. Its expense ratio of 0.60% makes it the #24 cheapest ETF among 120 total funds in the Commodity ETFs category.

UNG currently boasts $532.93M in assets under management (AUM), placing it #15 of 120 ETFs in its category, and #441 of 1916 total ETFs in the U.S. exchange traded universe.

The investment objective of the United States Natural Gas Fund seeks to reflect the daily changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana, as measured by the daily changes in the price of a specified short-term futures contract. The fund invests primarily in futures contracts for natural gas that are traded on the NYMEX, ICE Futures Exchange or other U.S. and foreign exchanges. The Benchmark Futures Contract is the futures contract on natural gas as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration.

With natural gas prices hit hard today amid a warming weather forecast for much of the U.S., UNG has clearly resumed its bearish downturn.

UNG SMART Grade

UNG currently has an ETF Daily News SMART Grade of C (Neutral), and is ranked #77 of 121 funds in the Commodity ETFs category.

For more information about this ETF, including full ratings, news, data, and more, please visit UNG’s ticker page.

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