United States Natural Gas Fund (UNG) Shares Outstanding (2009 - 2026)
United States Natural Gas Fund (UNG) recorded quarterly Shares Outstanding (Entity) of $47.5 million in Q2 2026, up 15.62% on a QoQ basis from $41.1 million in Q1 2026, and up 117.73% YoY from $21.8 million in Q2 2025.
Analysis
United States Natural Gas Fund (UNG) Shares Outstanding (2009 - 2026) Analysis & Trends
United States Natural Gas Fund (UNG) has reported Shares Outstanding (Entity) for 18 consecutive years, with $47.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Shares Outstanding (Entity) rose 117.73% year-over-year to $47.5 million; the trailing twelve-month figure through Jun 2026 stood at $47.5 million (up 117.73% YoY), and the FY2025 full-year result was $35.5 million, down 31.67% from the prior year.
- Shares Outstanding (Entity) was $47.5 million for Q2 2026 at United States Natural Gas Fund, up from $41.1 million in the prior quarter.
- The five-year high for Shares Outstanding (Entity) was $64.6 million in Q3 2024, with the low at $5.0 million in Q3 2022.
- Historically, Shares Outstanding (Entity) has averaged $32.7 million across 5 years, with a median of $37.4 million in 2023.
- Annual changes were most pronounced in 2023 — Shares Outstanding (Entity) soared 653.93% — and 2025, when it tumbled 54.11%.
- Tracing UNG's Shares Outstanding (Entity) over 5 years: stood at $5.5 million in 2022, then surged by 586.77% to $37.6 million in 2023, then soared by 38.45% to $52.0 million in 2024, then plunged by 31.67% to $35.5 million in 2025, then jumped by 33.76% to $47.5 million in 2026.
- Per Business Quant data, the three most recent Shares Outstanding (Entity) figures were $47.5 million in Q2 2026, $41.1 million in Q1 2026, and $35.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 155.20 Mn |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | 361.94 Mn |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | 369.28 Mn |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | 339.27 Mn |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 215.90 Mn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | 372.94 Mn |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 515.20 Mn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | 451.30 Mn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 26.40 Mn |
| 10 | United States Natural Gas Fund | 445.85 Mn | 158.25 Mn | - | 42.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.67 Mn |
| Mar 31, 2026 | 41.12 Mn |
| Dec 31, 2025 | 34.12 Mn |
| Sep 30, 2025 | 38.39 Mn |
| Jun 30, 2025 | 21.84 Mn |
| Mar 31, 2025 | 32.07 Mn |
| Dec 31, 2024 | 52.02 Mn |
| Sep 30, 2024 | 55.62 Mn |
| Jun 30, 2024 | 47.59 Mn |
| Mar 31, 2024 | 46.11 Mn |
| Dec 31, 2023 | 37.57 Mn |
| Sep 30, 2023 | 40.04 Mn |
| Jun 30, 2023 | 42.19 Mn |
| Mar 31, 2023 | 25.91 Mn |
| Dec 31, 2022 | 5.47 Mn |
| Sep 30, 2022 | 4.95 Mn |
| Jun 30, 2022 | 4.80 Mn |
| Mar 31, 2022 | 5.84 Mn |
| Dec 31, 2021 | 6.69 Mn |
| Sep 30, 2021 | 4.79 Mn |