United States Gasoline Fund (NYSEARCA:UGA) Stock Price Up 0.3% – Here’s Why

United States Gasoline Fund LP (NYSEARCA:UGA) was up 0.3% during mid-day trading on Friday . The company traded as high as $113.29 and last traded at $111.65. Approximately 18,021 shares were traded during trading, a decline of 69% from the average session volume of 58,150 shares. The stock had previously closed at $111.31.

United States Gasoline Fund Price Performance

The stock’s fifty day moving average is $109.31 and its two-hundred day moving average is $98.62.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UGA. Exit Wealth Advisors LLC. purchased a new position in shares of United States Gasoline Fund during the third quarter valued at approximately $3,089,000. Merit Financial Group LLC purchased a new stake in United States Gasoline Fund in the 4th quarter valued at $2,856,000. Jane Street Group LLC lifted its stake in United States Gasoline Fund by 666.0% during the 1st quarter. Jane Street Group LLC now owns 38,799 shares of the company’s stock valued at $2,493,000 after acquiring an additional 33,734 shares in the last quarter. Cetera Investment Advisers lifted its stake in United States Gasoline Fund by 1.0% during the 1st quarter. Cetera Investment Advisers now owns 37,402 shares of the company’s stock valued at $3,865,000 after acquiring an additional 374 shares in the last quarter. Finally, Blue Capital Inc. boosted its holdings in 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 acquiring an additional 2,463 shares during the last quarter.

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.