United States 12 Month Natural Gas Fund (UNL) Shares Outstanding (2010 - 2026)
United States 12 Month Natural Gas Fund's (UNL) quarterly Shares Outstanding (Entity) came in at $2.7 million in Q2 2026, up 100.0% on a YoY basis from $1.3 million in Q2 2025, and up 10.2% quarter-over-quarter from $2.4 million in Q1 2026.
Analysis
United States 12 Month Natural Gas Fund (UNL) Shares Outstanding (2010 - 2026) Analysis & Trends
United States 12 Month Natural Gas Fund (UNL) has reported Shares Outstanding (Entity) for 17 consecutive years, with $2.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Shares Outstanding (Entity) rose 100.0% year-over-year to $2.7 million; the trailing twelve-month figure through Jun 2026 stood at $2.7 million (up 100.0% YoY), and the FY2025 full-year result was $1.7 million, down 27.93% from the prior year.
- Shares Outstanding (Entity) improved to $2.7 million in Q2 2026 per UNL's latest filing, from $2.4 million in the prior quarter.
- Across five years, Shares Outstanding (Entity) topped out at $2.7 million in Q2 2026 and bottomed at $1.3 million in Q2 2025.
- Historically, Shares Outstanding (Entity) has averaged $1.9 million across 5 years, with a median of $1.7 million in 2022.
- The sharpest annual moves came in 2025 and 2026: Shares Outstanding (Entity) plunged 48.81% in 2025, then soared 100.0% in 2026.
- Over 5 years, Shares Outstanding (Entity) stood at $1.7 million in 2022, then fell by 10.05% to $1.5 million in 2023, then soared by 50.17% to $2.3 million in 2024, then slipped by 27.93% to $1.7 million in 2025, then surged by 61.7% to $2.7 million in 2026.
- According to Business Quant data, Shares Outstanding (Entity) over the past three periods registered $2.7 million, $2.4 million, and $1.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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 12 Month Natural Gas Fund | 14.88 Mn | -4.07 Mn | - | 2.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.54 Mn |
| Mar 31, 2026 | 2.35 Mn |
| Dec 31, 2025 | 1.67 Mn |
| Sep 30, 2025 | 1.36 Mn |
| Jun 30, 2025 | 1.39 Mn |
| Mar 31, 2025 | 1.90 Mn |
| Dec 31, 2024 | 2.32 Mn |
| Sep 30, 2024 | 2.42 Mn |
| Jun 30, 2024 | 2.25 Mn |
| Mar 31, 2024 | 2.07 Mn |
| Dec 31, 2023 | 1.54 Mn |
| Sep 30, 2023 | 1.57 Mn |
| Jun 30, 2023 | 1.40 Mn |
| Mar 31, 2023 | 1.26 Mn |
| Dec 31, 2022 | 1.72 Mn |
| Sep 30, 2022 | 1.75 Mn |
| Jun 30, 2022 | 1.81 Mn |
| Mar 31, 2022 | 1.70 Mn |
| Dec 31, 2021 | 1.08 Mn |
| Sep 30, 2021 | 1.02 Mn |