United States Gasoline Fund LP (NYSEARCA:UGA) Short Interest Update

United States Gasoline Fund LP (NYSEARCA:UGA) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 31,904 shares, a drop of 70.0% from the July 30th total of 106,331 shares. Based on an average daily trading volume, of 54,217 shares, the short-interest ratio is currently 0.6 days. Approximately 2.9% of the shares of the company are sold short.

Hedge Funds Weigh In On United States Gasoline Fund

A number of large investors have recently modified their holdings of the business. Three Seasons Wealth LLC grew its holdings in United States Gasoline Fund by 35.0% during the second quarter. Three Seasons Wealth LLC now owns 5,521 shares of the company’s stock worth $568,000 after acquiring an additional 1,431 shares during the period. CoreCap Advisors LLC raised its position in United States Gasoline Fund by 250.7% in the second quarter. CoreCap Advisors LLC now owns 3,058 shares of the company’s stock worth $315,000 after acquiring an additional 2,186 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in United States Gasoline Fund by 96.8% in the first quarter. EverSource Wealth Advisors LLC now owns 5,079 shares of the company’s stock valued at $525,000 after acquiring an additional 2,498 shares during the period. Cetera Investment Advisers lifted its holdings in United States Gasoline Fund by 1.0% in the first quarter. Cetera Investment Advisers now owns 37,402 shares of the company’s stock valued at $3,865,000 after acquiring an additional 374 shares during the period. Finally, Ascentis Independent Advisors purchased a new stake in shares of United States Gasoline Fund during the 1st quarter worth $31,000.

United States Gasoline Fund Stock Performance

UGA traded up $2.15 during trading on Thursday, hitting $124.29. The stock had a trading volume of 5,580 shares, compared to its average volume of 55,468. United States Gasoline Fund has a twelve month low of $60.40 and a twelve month high of $127.29. The company’s 50-day moving average price is $113.62 and its 200 day moving average price is $103.86.

About United States Gasoline Fund

United States Gasoline Fund, LP (UGA) is a commodity pool that issues limited partnership interests (shares). The Company is engaged in the trading of futures contracts, options on futures contracts and cleared swaps (derivatives). The investment objective of UGA is for the daily changes in percentage terms of its shares’ per share net asset value to reflect the daily changes in percentage terms of the spot price of gasoline, as measured by the daily changes in the price of the futures contract for gasoline traded on the New York Mercantile Exchange (the NYMEX), that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case the futures contract will be the next month contract to expire, less UGA’s expenses.