United States Natural Gas Fund (UNG) Short Interest Ratio & Short Volume

Short interest is the volume of United States Natural Gas Fund shares that have been sold short but have not yet been covered or closed out. As of June 15th, investors have sold 4,600,000 shares of UNG short. 20.13% of United States Natural Gas Fund's shares are currently sold short. Learn More on United States Natural Gas Fund's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. UNG shares currently have a short interest ratio of 1.0. Learn More on United States Natural Gas Fund's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of United States Natural Gas Fund: Jane Street Group LLC, Goldman Sachs Group Inc., OLD Mission Capital LLC, Belvedere Trading LLC, and IMC Chicago LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 20.13% of United States Natural Gas Fund's floating shares are currently sold short.

United States Natural Gas Fund saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 4,600,000 shares, an increase of 16.2% from the previous total of 3,960,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

20.13% of United States Natural Gas Fund's shares are currently sold short. Here is how the short interest of companies compare to United States Natural Gas Fund: ProShares UltraShort Bloomberg Natural Gas (11.07%), ProShares Ultra Bloomberg Natural Gas (13.45%), and United States 12 Month Natural Gas Fund LP (5.11%).

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($69.26 billion), Invesco QQQ ($25.22 billion), iShares Russell 2000 ETF ($20.33 billion), iShares 20+ Year Treasury Bond ETF ($9.99 billion), MicroStrategy Incorporated ($9.12 billion), Canadian Natural Resources Limited ($6.73 billion), SPDR S&P Biotech ETF ($6.52 billion), Invesco S&P 500 Equal Weight ETF ($5.60 billion), Financial Select Sector SPDR Fund ($4.64 billion), and iShares iBoxx $ Investment Grade Corporate Bond ETF ($4.59 billion). View all of the most shorted stocks.

Short selling UNG is an investing strategy that aims to generate trading profit from United States Natural Gas Fund as its price is falling. UNG shares are trading up $0.88 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for United States Natural Gas Fund occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of UNG, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including UNG, twice per month. The most recent reporting period available is June, 15 2025.