United States Gasoline Fund (NYSEARCA:UGA) Stock Price Down 1.1% – Here’s What Happened

United States Gasoline Fund LP (NYSEARCA:UGA) shares were down 1.1% on Monday. The company traded as low as $143.00 and last traded at $143.32. Approximately 34,842 shares traded hands during 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 Down 1.1%

The business’s 50 day moving average price is $136.70 and its 200-day moving average price is $119.27.

Institutional Trading of United States Gasoline Fund

Several institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC raised its holdings in shares of United States Gasoline Fund by 5.1% in the 3rd quarter. CoreCap Advisors LLC now owns 3,213 shares of the company’s stock valued at $471,000 after buying an additional 155 shares during the period. Three Seasons Wealth LLC lifted its stake in United States Gasoline Fund by 35.0% during the 2nd quarter. Three Seasons Wealth LLC now owns 5,521 shares of the company’s stock worth $568,000 after acquiring an additional 1,431 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 valued at $525,000 after acquiring an additional 2,498 shares during the period. Cetera Investment Advisers boosted its holdings in United States Gasoline Fund by 1.0% during the 1st quarter. Cetera Investment Advisers now owns 37,402 shares of the company’s stock valued at $3,865,000 after acquiring an additional 374 shares during the period. Finally, Ascentis Independent Advisors acquired a new position in United States Gasoline Fund in the 1st quarter valued at about $31,000.

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.