Broker TeleTrade reported that at the close of trading on January 19, 2024, symbol UNG was changed to "Close Only" mode due to the upcoming reverse stock split.

A reverse stock split reduces the number of outstanding shares of a fund's common stock and results in a pro-rata increase in the fund's net asset value per share based on a predetermined ratio.

The United States Natural Gas Fund, LP ("UNG"), will conduct a four-for-one reverse stock split, which will be effective for holders of UNG shares after the market closes on January 23, 2024. UNG shares will trade at prices established on January 24, 2024, following the reverse stock split. The ticker symbol "UNG" will not change, and UNG shares will continue to trade on the NYSE Arca. Immediately after the reverse stock split becomes effective, UNG's net asset value per share will quadruple.

"Effective January 24, 2024, the price format for the indicated symbol will be quadrupled," the broker said in a statement.

Due to the above events, TeleTrade recommends that its users close all open positions on this symbol and cancel pending orders by the end of the trading session on January 23, 2024.

At the end of the trading session on January 23, 2024, all open positions on the UNG symbol will be automatically closed, and all pending orders will be canceled.

Broker TeleTrade was established in 1994 and is a member of the Forex Dealers Association. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC).