United States Gasoline Fund LP (NYSEARCA:UGA) Sees Large Decrease in Short Interest

United States Gasoline Fund LP (NYSEARCA:UGA) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 31,904 shares, a decline of 70.0% from the July 30th total of 106,331 shares. Based on an average daily trading volume, of 54,217 shares, the short-interest ratio is presently 0.6 days. Approximately 2.9% of the company’s shares are sold short.

United States Gasoline Fund Stock Up 2.3%

NYSEARCA UGA traded up $2.84 during trading on Friday, hitting $126.73. The company had a trading volume of 15,032 shares, compared to its average volume of 55,247. The company’s fifty day moving average is $114.06 and its 200-day moving average is $104.24. United States Gasoline Fund has a one year low of $60.40 and a one year high of $127.32.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of UGA. Steward Partners Investment Advisory LLC purchased a new stake in United States Gasoline Fund during the 4th quarter valued at about $30,000. Ascentis Independent Advisors bought a new position in United States Gasoline Fund during the 1st quarter valued at about $31,000. JPMorgan Chase & Co. lifted its stake in United States Gasoline Fund by 73.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 566 shares of the company’s stock valued at $36,000 after acquiring an additional 239 shares during the period. Motiv8 Investments LLC purchased a new stake in shares of United States Gasoline Fund during the 4th quarter valued at about $44,000. Finally, Osaic Holdings Inc. grew its stake 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 worth $114,000 after acquiring an additional 533 shares during the period.

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.