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

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

Hedge Funds Weigh In On United States Gasoline Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its stake in United States Gasoline Fund by 38.8% in the third quarter. Commonwealth Equity Services LLC now owns 8,556 shares of the company’s stock valued at $1,255,000 after acquiring an additional 2,392 shares during the last quarter. Tucker Asset Management LLC bought a new stake in shares of United States Gasoline Fund in the 3rd quarter valued at about $276,000. Global View Capital Management LLC bought a new stake in shares of United States Gasoline Fund in the 3rd quarter valued at about $3,216,000. National Wealth Management Group LLC lifted its stake in United States Gasoline Fund by 8.5% in the 3rd quarter. National Wealth Management Group LLC now owns 6,229 shares of the company’s stock valued at $914,000 after purchasing an additional 487 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in 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 purchasing an additional 155 shares during the last quarter.

United States Gasoline Fund Stock Performance

NYSEARCA UGA traded down $10.21 during trading hours on Monday, hitting $134.40. 116,876 shares of the company traded hands, compared to its average volume of 55,234. The business’s 50-day moving average is $140.33 and its 200-day moving average is $109.56. United States Gasoline Fund has a twelve month low of $60.61 and a twelve month high of $153.46.

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.