The United States Natural Gas Fund, LP (NYSE Arca:UNG), a commodity exchange-traded fund with a market capitalization of $1.05 billion, disclosed its monthly financial statement for December 2024 today, revealing its performance and changes in net asset value. The fund has experienced significant volatility recently, with InvestingPro data showing a sharp 12.14% decline over the past week, despite maintaining strong liquidity with a current ratio of 62.67.
The report, which is a regulatory requirement under Rule 4.22 of the Commodity Exchange Act, includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value. This recent filing with the Securities and Exchange Commission provides investors with up-to-date information on the fund's financial status as of the end of December.
While the detailed figures were not disclosed in the press release statement, investors and interested parties can access the full monthly account statement through the fund's website at www.uscfinvestments.com. This disclosure is part of the fund's commitment to transparency, allowing investors to track the fund's performance and financial movements.
According to InvestingPro analysis, UNG has demonstrated high price volatility and currently trades at $16.29, with an average daily trading volume of 10.32 million shares over the past three months.
The United States Natural Gas Fund, LP, managed by United States Commodity Funds LLC, is designed to track the movements of natural gas prices. The fund's performance can be influenced by a variety of factors, including market trends, supply and demand dynamics, and broader economic indicators. InvestingPro subscribers have access to additional insights, including 7 more exclusive ProTips and comprehensive financial metrics that can help investors make more informed decisions about natural gas exposure in their portfolios.
In other recent news, the United States Natural Gas Fund disclosed its monthly financial statements for November, October, and September 2024. These documents provide a snapshot of the fund's financial performance, detailing income, losses, and changes in net asset value. In parallel, the fund has entered into a significant derivatives agreement with ScotiaBank under the International Swaps and Derivatives Association, Inc. (ISDA) 2002 Master Agreement, facilitating over-the-counter (OTC) swaps.
Analyst firms KeyBanc Capital Markets and ING have made noteworthy statements. KeyBanc adjusted its commodity price outlook for 2024 and 2025, lowering its forecast for natural gas prices. ING, on the other hand, highlighted potential global economic risks associated with the strategic Strait of Hormuz, a crucial pathway for the world's oil supply.
The United States Natural Gas Fund's recent developments coincide with the U.S. Energy Information Administration's (EIA) forecasts. According to the EIA, domestic natural gas production in 2024 is expected to decline slightly, while consumption is set to reach a record high. Despite the anticipated production decrease, U.S. liquefied natural gas exports are projected to increase in the coming years.
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