United States Gasoline Fund LP (NYSEARCA:UGA) Stock Short Interest Report for October

United States Gasoline Fund LP (NYSEARCA:UGA) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 48,876 shares, a drop of 43.2% from the September 30th total of 86,072 shares. Approximately 4.3% of the company’s stock are short sold. Based on an average daily volume of 52,085 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UGA. Tucker Asset Management LLC bought a new position in shares of United States Gasoline Fund during the third quarter valued at approximately $276,000. Global View Capital Management LLC bought a new stake in shares of United States Gasoline Fund during the third quarter valued at approximately $3,216,000. National Wealth Management Group LLC grew its stake in shares of United States Gasoline Fund by 8.5% in the third quarter. National Wealth Management Group LLC now owns 6,229 shares of the company’s stock worth $914,000 after purchasing an additional 487 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of United States Gasoline Fund by 5.1% during the 3rd quarter. CoreCap Advisors LLC now owns 3,213 shares of the company’s stock worth $471,000 after buying an additional 155 shares in the last quarter. Finally, Three Seasons Wealth LLC increased its stake in shares of 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 valued at $568,000 after acquiring an additional 1,431 shares during the period.

United States Gasoline Fund Stock Performance

United States Gasoline Fund stock traded up $0.89 during midday trading on Friday, hitting $144.60. 101,045 shares of the stock were exchanged, compared to its average volume of 55,022. The company has a 50 day moving average price of $140.33 and a two-hundred day moving average price of $109.56. United States Gasoline Fund has a 1 year low of $60.61 and a 1 year high of $153.46.

United States Gasoline Fund Company Profile

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.