United States Gasoline Fund LP (NYSEARCA:UGA) Stock Short Interest Climbs 118.6%

United States Gasoline Fund LP (NYSEARCA:UGA) was the target of a large increase in short interest during the month of 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 trading volume of 61,297 shares, the days-to-cover ratio is presently 1.7 days. Currently, 8.2% of the company’s shares are sold short.

Institutional Investors Weigh In On United States Gasoline Fund

Several institutional investors have recently added to or reduced their stakes in UGA. Ascentis Independent Advisors purchased a new position in shares of United States Gasoline Fund in the first quarter valued at about $31,000. Motiv8 Investments LLC bought a new stake in shares of United States Gasoline Fund in the fourth quarter worth about $44,000. EverSource Wealth Advisors LLC increased its holdings in United States Gasoline Fund by 34.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,581 shares of the company’s stock valued at $159,000 after purchasing an additional 664 shares during the period. CoreCap Advisors LLC increased its holdings in United States Gasoline Fund by 250.7% during the 2nd quarter. CoreCap Advisors LLC now owns 3,058 shares of the company’s stock valued at $315,000 after purchasing an additional 2,186 shares during the period. Finally, Three Seasons Wealth LLC bought a new position in United States Gasoline Fund during the 1st quarter valued at approximately $423,000.

United States Gasoline Fund Stock Performance

UGA stock traded down $1.94 during midday trading on Tuesday, hitting $140.03. The company had a trading volume of 24,505 shares, compared to its average volume of 55,515. United States Gasoline Fund has a 52 week low of $60.40 and a 52 week high of $153.46. The stock’s 50 day moving average price is $127.91 and its 200 day moving average price is $114.26.

United States Gasoline Fund Company Profile

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.