United States Natural Gas Fund (UNG) Shares Outstanding (2009 - 2026)
United States Natural Gas Fund (UNG) posted Shares Outstanding (Entity) of $35.5 million for Q4 2025, down 7.41% on a QoQ basis from $38.4 million in Q3 2025, and down 31.67% year-over-year from $52.0 million in Q4 2024.
United States Natural Gas Fund (UNG) Shares Outstanding (2009 - 2026) Analysis & Trends
United States Natural Gas Fund's Shares Outstanding (Entity) history runs 17 years deep, the most recent figure standing at $35.5 million for Q4 2025.
- Quarterly Shares Outstanding (Entity) fell 31.67% year-over-year to $35.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $35.5 million (down 31.67% YoY) and the FY2025 annual result came in at $35.5 million, down 31.67% from the prior year.
- Shares Outstanding (Entity) was $35.5 million for Q4 2025 at United States Natural Gas Fund, down from $38.4 million in the prior quarter.
- Across five years, Shares Outstanding (Entity) topped out at $52.0 million in Q4 2024 and bottomed at $4.8 million in Q3 2021.
- A 5-year average of $21.6 million and a median of $21.8 million in 2025 frame the typical range for Shares Outstanding (Entity).
- Annual changes were most pronounced in 2021 — Shares Outstanding (Entity) sank 40.25% — and 2023, when it jumped 653.93%.
- United States Natural Gas Fund's Shares Outstanding (Entity) stood at $6.7 million in 2021, then decreased by 18.19% to $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.
- Business Quant data shows UNG's Shares Outstanding (Entity) at $35.5 million in Q4 2025, $38.4 million in Q3 2025, and $21.8 million in Q2 2025.
Peer Comparison
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 6.14 Mn |