Commodity exchange-traded fund United States Natural Gas Fund (NYSE Arca: UNG) today disclosed its monthly account statement for June 2024, revealing its performance and changes in net asset value. The statements include an income (loss) statement and a statement of changes in net asset value, which are available on the fund’s website.
This report is filed with the Securities and Exchange Commission (SEC) as a regulatory requirement under Section 4.22 of the Commodity Exchange Act and is not intended for filing purposes under Section 18 of the Securities Exchange Act of 1934. Requirements, incorporated by reference in any document filed under the Securities Act of 1933.
The U.S. Natural Gas Fund is operated by U.S. Commodity Funds LLC, headquartered in Walnut Creek, California. The Fund’s principal executive offices are located at 1850 Mt. Diablo Boulevard, Suite 640, and can be reached by telephone at (510) 522-9600. The fund’s fiscal year ends on December 31 and is registered under Delaware jurisdiction.
The recent financial disclosures are part of the fund’s ongoing commitment to transparency, providing investors with the latest information on its financial health. These details are critical for investors to track the performance of commodities, especially in financial markets.
The U.S. Natural Gas Fund is best known for tracking changes in natural gas prices, using futures contracts to give investors access to daily changes in the price of natural gas delivered from the Henry Hub in Louisiana.
Investment Professional Insights
As the United States Natural Gas Fund (UNG) continues to navigate volatile commodities markets, new data from InvestingPro provides a snapshot of the fund’s current financial health. UNG has a market capitalization of approximately $778.8 million, and its results reflect broader trends in the energy industry. Notably, the fund’s price has fallen back significantly and is now trading near its 52-week low, a potential indicator for investors considering entry points.
InvestingPro Tip highlights that the fund’s relative strength index (RSI) indicates that it is currently in oversold territory, which may interest traders looking for technical signals. Additionally, UNG hasn’t turned a profit in the trailing 12 months, a fact that investors focused on fundamentals should take into account the fund’s 34% revenue growth in the trailing 12 months to Q1 2024.
For those looking for a more in-depth analysis, InvestingPro provides additional tips that can further guide investment decisions regarding UNG. Through promotional offers, users can use coupon codes to gain access to these insights PRONEWS24 Enjoy up to 10% discount on annual Pro and Pro+ annual or two-year subscriptions. A total of 11 additional InvestingPro Tips are available to provide a more complete understanding of UNG’s financial health and market performance.
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