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

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

Institutional Trading of United States Gasoline Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ascentis Independent Advisors acquired a new position in United States Gasoline Fund in the first quarter worth approximately $31,000. Tucker Asset Management LLC acquired a new position in United States Gasoline Fund in the 3rd quarter valued at $276,000. CoreCap Advisors LLC increased its stake in shares of United States Gasoline Fund by 250.7% in the second quarter. CoreCap Advisors LLC now owns 3,058 shares of the company’s stock worth $315,000 after purchasing an additional 2,186 shares during the period. Three Seasons Wealth LLC bought a new stake in United States Gasoline Fund during the 1st quarter valued at approximately $423,000. Finally, Private Advisor Group LLC bought a new stake in United States Gasoline Fund during the 1st quarter valued at approximately $489,000.

United States Gasoline Fund Stock Performance

Shares of United States Gasoline Fund stock traded up $0.89 during trading on Friday, hitting $144.60. The stock had a trading volume of 101,045 shares, compared to its average volume of 55,022. The stock has a 50 day simple moving average of $140.33 and a 200 day simple moving average 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.