Short Interest in United States Gasoline Fund LP (NYSEARCA:UGA) Declines By 28.2%

United States Gasoline Fund LP (NYSEARCA:UGA) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 17,600 shares, a decrease of 28.2% from the August 31st total of 24,500 shares. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its position in shares of United States Gasoline Fund by 39.2% in the second quarter. Osaic Holdings Inc. now owns 1,894 shares of the company’s stock valued at $114,000 after purchasing an additional 533 shares during the last quarter. PFG Investments LLC boosted its position in shares of United States Gasoline Fund by 20.3% in the first quarter. PFG Investments LLC now owns 4,836 shares of the company’s stock valued at $311,000 after acquiring an additional 817 shares during the period. Synergy Asset Management LLC acquired a new position in shares of United States Gasoline Fund in the first quarter valued at about $503,000. Consolidated Portfolio Review Corp acquired a new stake in United States Gasoline Fund in the 2nd quarter worth about $500,000. Finally, Roman Butler Fullerton & Co. boosted its holdings in United States Gasoline Fund by 14.0% in the 1st quarter. Roman Butler Fullerton & Co. now owns 11,348 shares of the company’s stock valued at $729,000 after purchasing an additional 1,393 shares during the period.

United States Gasoline Fund Stock Up 2.0%

NYSEARCA UGA opened at $63.46 on Tuesday. The stock’s 50 day moving average is $63.82 and its two-hundred day moving average is $61.71. United States Gasoline Fund has a 1-year low of $52.80 and a 1-year high of $68.15.

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.