United States Gasoline Fund LP (NYSEARCA:UGA)’s share price was up 0% during trading on Thursday . The stock traded as high as $31.25 and last traded at $30.93, approximately 10,489 shares were traded during mid-day trading. A decline of 52% from the average daily volume of 22,035 shares. The stock had previously closed at $30.92.

The firm has a 50-day moving average price of $30.41 and a 200 day moving average price of $30.29.

A hedge fund recently bought a new stake in United States Gasoline Fund stock. Jane Street Group LLC bought a new stake in United States Gasoline Fund LP (NYSEARCA:UGA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,223 shares of the company’s stock, valued at approximately $816,000. Jane Street Group LLC owned about 2.66% of United States Gasoline Fund at the end of the most recent quarter.

About United States Gasoline Fund (NYSEARCA:UGA)

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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