United States Gasoline Fund (NYSEARCA:UGA) Shares Up 0.4% – Time to Buy?

United States Gasoline Fund LP (NYSEARCA:UGA)’s share price rose 0.4% on Friday . The stock traded as high as $145.82 and last traded at $145.17. 44,914 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 55,865 shares. The stock had previously closed at $144.65.

United States Gasoline Fund Trading Up 0.4%

The stock’s fifty day moving average price is $124.52 and its 200-day moving average price is $111.40.

Institutional Investors Weigh In On United States Gasoline Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its position 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 purchasing an additional 374 shares during the period. Blue Capital Inc. increased its position in shares of United States Gasoline Fund by 10.1% during the 4th quarter. Blue Capital Inc. now owns 26,763 shares of the company’s stock worth $1,652,000 after purchasing an additional 2,463 shares during the last quarter. Three Seasons Wealth LLC raised its holdings in United States Gasoline Fund by 35.0% in the 2nd 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 during the period. EverSource Wealth Advisors LLC raised its holdings in United States Gasoline Fund by 96.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,079 shares of the company’s stock valued at $525,000 after buying an additional 2,498 shares during the period. Finally, Private Advisor Group LLC acquired a new position in United States Gasoline Fund in the first quarter valued at about $489,000.

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.