Tactive Advisors LLC Sells 4,985 Shares of United States Gasoline Fund LP $UGA

Tactive Advisors LLC trimmed its position in shares of United States Gasoline Fund LP (NYSEARCA:UGA) by 30.2% in the fourth quarter, Holdings Channel reports. The fund owned 11,514 shares of the company’s stock after selling 4,985 shares during the quarter. Tactive Advisors LLC’s holdings in United States Gasoline Fund were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in UGA. Exit Wealth Advisors LLC. bought a new stake in United States Gasoline Fund in the 3rd quarter valued at $3,089,000. Jane Street Group LLC increased its holdings in shares of United States Gasoline Fund by 666.0% during the 1st quarter. Jane Street Group LLC now owns 38,799 shares of the company’s stock worth $2,493,000 after purchasing an additional 33,734 shares during the period. Blue Capital Inc. bought a new position in shares of United States Gasoline Fund during the 2nd quarter worth about $1,476,000. Royal Bank of Canada increased its holdings in shares of United States Gasoline Fund by 45.4% during the 1st quarter. Royal Bank of Canada now owns 23,738 shares of the company’s stock worth $1,525,000 after purchasing an additional 7,415 shares during the period. Finally, Professional Financial Advisors LLC raised its position in shares of United States Gasoline Fund by 18.2% during the third quarter. Professional Financial Advisors LLC now owns 14,950 shares of the company’s stock valued at $964,000 after buying an additional 2,300 shares during the last quarter.

United States Gasoline Fund Trading Up 5.7%

Shares of UGA stock opened at $104.92 on Monday. United States Gasoline Fund LP has a 12 month low of $52.80 and a 12 month high of $105.80. The stock has a 50 day moving average of $74.86 and a two-hundred day moving average of $68.04.

About United States Gasoline Fund

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.