Short Interest in United States Gasoline Fund LP (NYSEARCA:UGA) Rises By 96.6%

United States Gasoline Fund LP (NYSEARCA:UGA) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 34,600 shares, a growth of 96.6% from the September 15th total of 17,600 shares. Based on an average daily trading volume, of 25,500 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily trading volume, of 25,500 shares, the days-to-cover ratio is presently 1.4 days.

United States Gasoline Fund Trading Up 3.0%

UGA stock opened at $63.16 on Thursday. United States Gasoline Fund has a 12 month low of $52.80 and a 12 month high of $68.15. The firm has a 50-day moving average of $63.64 and a two-hundred day moving average of $61.67.

Hedge Funds Weigh In On United States Gasoline Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UGA. Osaic Holdings Inc. lifted its position in shares of United States Gasoline Fund by 39.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,894 shares of the company’s stock worth $114,000 after purchasing an additional 533 shares during the last quarter. PFG Investments LLC raised its stake in United States Gasoline Fund by 20.3% during the 1st quarter. PFG Investments LLC now owns 4,836 shares of the company’s stock worth $311,000 after acquiring an additional 817 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new stake in United States Gasoline Fund during the 2nd quarter worth $500,000. Roman Butler Fullerton & Co. raised its stake in United States Gasoline Fund by 6.2% during the 2nd quarter. Roman Butler Fullerton & Co. now owns 12,053 shares of the company’s stock worth $737,000 after acquiring an additional 705 shares in the last quarter. Finally, Professional Financial Advisors LLC raised its stake in United States Gasoline Fund by 6.2% during the 2nd quarter. Professional Financial Advisors LLC now owns 12,650 shares of the company’s stock worth $762,000 after acquiring an additional 741 shares in 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.