United States Gasoline Fund (NYSEARCA:UGA) Trading Up 1.9%

United States Gasoline Fund LP (NYSEARCA:UGAGet Free Report) shares shot up 1.9% during trading on Monday . The company traded as high as $66.87 and last traded at $66.23. 37,129 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 27,309 shares. The stock had previously closed at $64.98.

United States Gasoline Fund Trading Down 1.8 %

The business has a fifty day moving average price of $63.48 and a two-hundred day moving average price of $65.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of United States Gasoline Fund by 125.4% during the 1st quarter. JPMorgan Chase & Co. now owns 629 shares of the company’s stock worth $35,000 after acquiring an additional 350 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of United States Gasoline Fund during the 3rd quarter worth about $37,000. Larson Financial Group LLC bought a new stake in shares of United States Gasoline Fund during the 3rd quarter worth about $68,000. Royal Bank of Canada boosted its stake in shares of United States Gasoline Fund by 7.5% during the 2nd quarter. Royal Bank of Canada now owns 2,257 shares of the company’s stock worth $141,000 after acquiring an additional 158 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of United States Gasoline Fund during the 4th quarter worth about $210,000.

About United States Gasoline Fund

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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.

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