Short Interest in United States Gasoline Fund LP (NYSEARCA:UGA) Grows By 61.9%

United States Gasoline Fund LP (NYSEARCA:UGA) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 106,331 shares, a growth of 61.9% from the July 15th total of 65,676 shares. Currently, 9.7% of the shares of the company are sold short. Based on an average daily volume of 49,381 shares, the short-interest ratio is presently 2.2 days.

Institutional Trading of United States Gasoline Fund

Several institutional investors and hedge funds have recently bought and sold shares of UGA. Royal Bank of Canada raised its position in shares of United States Gasoline Fund by 45.4% in the first quarter. Royal Bank of Canada now owns 23,738 shares of the company’s stock valued at $1,525,000 after purchasing an additional 7,415 shares during the period. Jane Street Group LLC boosted its holdings in shares of United States Gasoline Fund by 666.0% during the 1st quarter. Jane Street Group LLC now owns 38,799 shares of the company’s stock worth $2,493,000 after buying an additional 33,734 shares during the period. Osaic Holdings Inc. grew its stake 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 buying an additional 533 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 buying an additional 239 shares during the last quarter. Finally, Exit Wealth Advisors LLC. bought a new position in United States Gasoline Fund in the 3rd quarter valued at about $3,089,000.

United States Gasoline Fund Trading Up 3.2%

NYSEARCA:UGA traded up $3.89 during mid-day trading on Monday, hitting $123.60. The stock had a trading volume of 30,437 shares, compared to its average volume of 57,295. United States Gasoline Fund has a twelve month low of $60.40 and a twelve month high of $126.75. The company’s 50 day simple moving average is $110.85 and its 200 day simple moving average is $101.13.

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.