U S Global Investors Inc. acquired a new position in shares of United States Gasoline Fund LP (NYSEARCA:UGA) in the 1st quarter, Holdings Channel reports. The firm acquired 6,300 shares of the company’s stock, valued at approximately $185,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advisor Group Inc. grew its position in United States Gasoline Fund by 503.0% during the 4th quarter. Advisor Group Inc. now owns 1,387 shares of the company’s stock worth $32,000 after purchasing an additional 1,157 shares during the last quarter. Jane Street Group LLC purchased a new stake in United States Gasoline Fund during the 4th quarter worth approximately $278,000. Pettinga Financial Advisors LLC purchased a new stake in United States Gasoline Fund during the 1st quarter worth approximately $317,000. Finally, Virtu Financial LLC purchased a new stake in United States Gasoline Fund during the 1st quarter worth approximately $955,000.
NYSEARCA:UGA traded down $0.77 during trading hours on Wednesday, hitting $27.47. 16 shares of the company were exchanged, compared to its average volume of 36,916. United States Gasoline Fund LP has a 52-week low of $22.05 and a 52-week high of $37.15.
United States Gasoline Fund 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.
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