United States Gasoline Fund LP (NYSEARCA:UGA – Get Free Report) was down 1.1% during trading on Monday. The stock traded as low as $143.00 and last traded at $143.32. Approximately 34,842 shares were traded during mid-day trading, a decline of 38% from the average session volume of 55,810 shares. The stock had previously closed at $144.91.
United States Gasoline Fund Stock Performance
The business has a 50-day moving average price of $136.70 and a two-hundred day moving average price of $119.27.
Institutional Investors Weigh In On United States Gasoline Fund
A number of hedge funds and other institutional investors have recently modified their holdings of UGA. CoreCap Advisors LLC grew its stake in shares of United States Gasoline Fund by 5.1% during the third quarter. CoreCap Advisors LLC now owns 3,213 shares of the company’s stock worth $471,000 after purchasing an additional 155 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in United States Gasoline Fund in the first quarter valued at $31,000. Cetera Investment Advisers raised its stake 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 buying an additional 374 shares in the last quarter. Three Seasons Wealth LLC raised its stake in United States Gasoline Fund by 35.0% in the second quarter. Three Seasons Wealth LLC now owns 5,521 shares of the company’s stock valued at $568,000 after buying an additional 1,431 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in United States Gasoline Fund by 96.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,079 shares of the company’s stock worth $525,000 after buying an additional 2,498 shares during the last quarter.
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.
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