United States Gasoline Fund LP (NYSEARCA:UGA) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in United States Gasoline Fund LP (NYSEARCA:UGA) by 60.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,557 shares of the company’s stock after selling 77,340 shares during the quarter. Jane Street Group LLC owned about 2.75% of United States Gasoline Fund worth $2,896,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in UGA. Park Avenue Securities LLC acquired a new position in United States Gasoline Fund in the third quarter valued at approximately $204,000. Thrivent Financial for Lutherans boosted its stake in United States Gasoline Fund by 36.4% during the second quarter. Thrivent Financial for Lutherans now owns 17,734 shares of the company’s stock worth $1,199,000 after buying an additional 4,731 shares during the period. National Wealth Management Group LLC acquired a new stake in shares of United States Gasoline Fund during the third quarter valued at about $563,000. Commonwealth Equity Services LLC raised its stake in shares of United States Gasoline Fund by 7.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 159,762 shares of the company’s stock valued at $10,800,000 after acquiring an additional 10,870 shares during the period. Finally, Bank of Montreal Can acquired a new position in shares of United States Gasoline Fund in the 2nd quarter worth approximately $2,043,000.

United States Gasoline Fund Stock Up 1.4 %

NYSEARCA:UGA opened at $61.04 on Friday. United States Gasoline Fund LP has a fifty-two week low of $55.37 and a fifty-two week high of $74.57. The company has a 50 day moving average price of $61.55 and a 200 day moving average price of $63.05.

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.