United States Gasoline Fund (NYSEARCA:UGA) Stock Price Up 2.9% – What’s Next?

United States Gasoline Fund LP (NYSEARCA:UGA)’s share price shot up 2.9% on Monday . The company traded as high as $103.00 and last traded at $100.12. 135,754 shares changed hands during trading, an increase of 104% from the average session volume of 66,476 shares. The stock had previously closed at $97.28.

United States Gasoline Fund Price Performance

The firm has a 50-day moving average of $86.08 and a 200 day moving average of $72.12.

Institutional Trading of United States Gasoline Fund

Several large investors have recently added to or reduced their stakes in UGA. Steward Partners Investment Advisory LLC acquired a new stake in United States Gasoline Fund in the 4th quarter valued at approximately $30,000. JPMorgan Chase & Co. increased its position in United States Gasoline Fund by 73.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 566 shares of the company’s stock valued at $36,000 after acquiring an additional 239 shares during the period. Motiv8 Investments LLC acquired a new stake in United States Gasoline Fund in the 4th quarter valued at approximately $44,000. Osaic Holdings Inc. increased its position in United States Gasoline Fund by 39.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,894 shares of the company’s stock valued at $114,000 after acquiring an additional 533 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new stake in United States Gasoline Fund in the 3rd quarter valued at approximately $124,000.

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.