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

United States Gasoline Fund LP (NYSEARCA:UGA) saw a significant decrease in short interest in 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. Approximately 4.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 52,085 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On United States Gasoline Fund

Large investors have recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new stake in shares of United States Gasoline Fund during the first quarter valued at about $31,000. Tucker Asset Management LLC acquired a new position in shares of United States Gasoline Fund in the third quarter valued at approximately $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 valued at $315,000 after buying an additional 2,186 shares during the period. Three Seasons Wealth LLC bought a new position in United States Gasoline Fund in the 1st quarter valued at approximately $423,000. Finally, Private Advisor Group LLC bought a new position in United States Gasoline Fund in the 1st quarter valued at approximately $489,000.

United States Gasoline Fund Trading Down 7.5%

Shares of UGA opened at $133.76 on Tuesday. United States Gasoline Fund has a 52 week low of $60.61 and a 52 week high of $153.46. The stock has a fifty day moving average of $140.49 and a 200-day moving average of $109.90.

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.