United States Natural Gas Fund reports monthly financials By Investing.com

The United States Natural Gas Fund, LP (NYSE Arca:UNG), a commodity exchange-traded fund, disclosed its monthly account statement for June 2024 today, revealing its performance and changes in net asset value. The statement, which includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, is available on the Fund’s website.

The report, which is a regulatory requirement under Rule 4.22 of the Commodity Exchange Act, was filed with the Securities and Exchange Commission (SEC) and is not intended for filing purposes under Section 18 of the Securities Exchange Act of 1934. It also will not be incorporated by reference into any filings under the Securities Act of 1933, as specified by the Fund.

United States Natural Gas Fund, operated by United States Commodity Funds LLC, is based in Walnut Creek, California. The Fund’s primary executive offices are located at 1850 Mt. Diablo Boulevard, Suite 640, and can be contacted via phone at (510) 522-9600. The Fund’s fiscal year ends on December 31, and it is registered under the Delaware jurisdiction.

The recent financial disclosure is part of the Fund’s ongoing commitment to transparency, providing investors with up-to-date information on its financial status. These details are essential for investors tracking the performance of commodities, specifically , within the financial markets.

The United States Natural Gas Fund is known for tracking the movements of natural gas prices, offering investors exposure to daily changes in the price of natural gas delivered at the Henry Hub, Louisiana, through futures contracts.

InvestingPro Insights

As the United States Natural Gas Fund (UNG) continues to navigate the volatile commodity market, recent data from InvestingPro provides a snapshot of the fund’s current financial health. With a market capitalization of approximately $778.8 million, UNG’s performance reflects the broader trends in the energy sector. Notably, the fund’s price has significantly retreated, now trading near its 52-week low, a potential indicator for investors considering entry points.

An InvestingPro Tip highlights that the fund’s Relative Strength Index (RSI) suggests it is currently in oversold territory, which may interest traders looking for technical signals. Additionally, UNG has not been profitable over the last twelve months, a fact that fundamental-focused investors should weigh alongside the fund’s recent revenue growth of 34% in the last twelve months as of Q1 2024.

For those seeking a more in-depth analysis, InvestingPro offers additional tips that can further guide investment decisions regarding UNG. With a promotional offer, users can access these insights by using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. There are a total of 11 additional InvestingPro Tips available, which can provide a more comprehensive understanding of UNG’s financial position and market performance.

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