November 29, 2016 - By Marguerite Chambers · 0 Comments
Nov 29 is a negative day so far for United States Gasoline (NYSEARCA:UGA) as the ETF is active during the day after losing 2.28% to hit $26.13 per share. The exchange traded fund has 84.94M net assets and 2.08% volatility this month.
Over the course of the day 3,523 shares traded hands, as compared to an average volume of 59,740 over the last 30 days for United States Gasoline (NYSEARCA:UGA).
The ETF is -22.76% of its 52-Week High and 22.08% of its low, and is currently having ATR of 0.7. This year’s performance is -15.55% while this quarter’s performance is 2.57%.
The ETF’s YTD performance is -7.59%, the 1 year is -13.94% and the 3 year is -21.34%.
The fund’s top holdings are: Future Contract On Gasoline Rbob Fut Dec16 for 49.56% of assets, US Treasury Bill for 1.40%.
More notable recent United States Gasoline Fund, LP (NYSEARCA:UGA) news were published by: Marketwatch.com which released: “United States Gasoline Fund LP” on December 22, 2009, also Etfdailynews.com with their article: “Thanksgiving Drivers Are Paying Much Less At The Pump This Year” published on November 24, 2016, Etfdailynews.com published: “Here’s Why Gasoline Demand Will Plunge in Coming Years” on September 30, 2016. More interesting news about United States Gasoline Fund, LP (NYSEARCA:UGA) were released by: Benzinga.com and their article: “U.S. Drivers Will Enjoy Cheapest Labor Day Gasoline In 12 Years” published on August 30, 2016 as well as Benzinga.com‘s news article titled: “How Affordable Is U.S. Gasoline Compared To The Rest Of The World?” with publication date: July 18, 2016.
United States Gasoline Fund, LP is a commodity pool that issues limited partnership interests (shares). The company has a market cap of $84.94 million. The Firm is engaged in the trading of futures contracts, options on futures contracts and cleared swaps (derivatives). It currently has negative earnings. 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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By Marguerite Chambers