United States Gasoline Fund LP (NYSEARCA:UGA – Get Free Report) shares were up 0.4% during trading on Friday . The stock traded as high as $145.82 and last traded at $145.17. 44,914 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 55,865 shares. The stock had previously closed at $144.65.
United States Gasoline Fund Stock Performance
The company has a 50 day moving average price of $124.52 and a two-hundred day moving average price of $111.40.
Hedge Funds Weigh In On United States Gasoline Fund
Large investors have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors acquired a new position in shares of United States Gasoline Fund during the 1st quarter valued at about $31,000. Cetera Investment Advisers grew its holdings in shares of 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 purchasing an additional 374 shares during the period. EverSource Wealth Advisors LLC increased its position in United States Gasoline Fund by 34.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,581 shares of the company’s stock worth $159,000 after purchasing an additional 664 shares during the last quarter. Motiv8 Investments LLC acquired a new stake in United States Gasoline Fund during the fourth quarter worth about $44,000. Finally, Three Seasons Wealth LLC increased its position 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 purchasing an additional 1,431 shares during the last quarter.
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.
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