United States Gasoline Fund LP (NYSEARCA:UGA) Shares Shorted: Short Interest Up 118.6% in September

United States Gasoline Fund LP (NYSEARCA:UGA) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 106,445 shares, an increase of 118.6% from the August 31st total of 48,695 shares. Based on an average daily volume of 61,297 shares, the days-to-cover ratio is presently 1.7 days. Currently, 8.2% of the shares of the company are sold short.

United States Gasoline Fund Price Performance

Shares of UGA opened at $140.03 on Wednesday. United States Gasoline Fund has a one year low of $60.40 and a one year high of $153.46. The stock’s fifty day moving average is $128.27 and its 200-day moving average is $114.62.

Hedge Funds Weigh In On United States Gasoline Fund

Several large investors have recently bought and sold shares of UGA. Three Seasons Wealth LLC boosted its stake in United States Gasoline Fund by 35.0% during the second quarter. Three Seasons Wealth LLC now owns 5,521 shares of the company’s stock valued at $568,000 after buying an additional 1,431 shares in the last quarter. CoreCap Advisors LLC raised its position in United States Gasoline Fund by 250.7% in the second quarter. CoreCap Advisors LLC now owns 3,058 shares of the company’s stock worth $315,000 after acquiring an additional 2,186 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in United States Gasoline Fund by 96.8% in the first quarter. EverSource Wealth Advisors LLC now owns 5,079 shares of the company’s stock worth $525,000 after acquiring an additional 2,498 shares in the last quarter. Cetera Investment Advisers lifted its holdings in United States Gasoline Fund by 1.0% in 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 during the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in United States Gasoline Fund in the 1st quarter valued at about $31,000.

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.