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Video: What is a Stock Split?
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United States Natural Gas Fund is a commodity pool that issues limited partnership interests traded on the NYSE Arca Inc. United States Commodity Funds LLC is the general partner of Co. and is responsible for the management of Co. The net assets of Co. consist primarily of investments in futures contracts for natural gas, crude oil, diesel-heating oil, gasoline, and other petroleum-based fuels that are traded on the New York Mercantile Exchange, ICE Futures Exchange or other U.S. and foreign exchanges (collectively, Futures Contracts) and other natural gas-related investments such as cash-settled options on Futures Contracts, forward contracts for natural gas, and cleared swap contracts. According to our United States Natural Gas Fund LP stock split history records, United States Natural Gas Fund LP has had 4 splits. | |
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United States Natural Gas Fund LP (UNG) has 4 splits in our United States Natural Gas Fund LP stock split history database. The first split for UNG took place on March 09, 2011. This was a 1 for 2 reverse split, meaning for each 2 shares of UNG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split. UNG's second split took place on February 22, 2012. This was a 1 for 4 reverse split, meaning for each 4 shares of UNG owned pre-split, the shareholder now owned 1 share. For example, a 500 share position pre-split, became a 125 share position following the split. UNG's third split took place on January 05, 2018. This was a 1 for 4 reverse split, meaning for each 4 shares of UNG owned pre-split, the shareholder now owned 1 share. For example, a 125 share position pre-split, became a 31.25 share position following the split. UNG's 4th split took place on January 24, 2024. This was a 1 for 4 reverse split, meaning for each 4 shares of UNG owned pre-split, the shareholder now owned 1 share. For example, a 31.25 share position pre-split, became a 7.8125 share position following the split.
When a company such as United States Natural Gas Fund LP conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the United States Natural Gas Fund LP stock split history from start to finish, an original position size of 1000 shares would have turned into 7.8125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into United States Natural Gas Fund LP shares, starting with a $10,000 purchase of UNG, presented on a split-history-adjusted basis factoring in the complete United States Natural Gas Fund LP stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
03/28/2024 |
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Start price/share: |
$381.44 |
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End price/share: |
$14.57 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-96.18% |
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Average Annual Total Return: |
-27.86% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$382.08 |
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Years: |
10.00 |
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Date |
Ratio |
03/09/2011 | 1 for 2 | 02/22/2012 | 1 for 4 | 01/05/2018 | 1 for 4 | 01/24/2024 | 1 for 4 |
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