tiprankstipranks
Company Announcements

United States Gasoline Fund Reports November Trading Loss

Story Highlights
  • United States Gasoline Fund, LP focuses on gasoline futures in the commodities sector.
  • The fund reported a net loss for November 2024 but increased its net asset value to $98.4 million.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Stay Ahead of the Market:

United States Gasoline Fund LP ( (UGA) ) has issued an update.

The United States Gasoline Fund, LP released its monthly account statement for November 2024, reporting a net loss of $2,428,913 primarily due to realized trading losses on commodity futures. Despite the loss, the fund’s net asset value increased to $98,401,480, reflecting additional share additions and a stable market position, indicating resilience in the face of trading challenges.

More about United States Gasoline Fund LP

United States Gasoline Fund, LP is a company operating within the commodities trading industry, focusing primarily on gasoline futures. The fund is a part of United States Commodity Funds LLC, which deals with exchange-traded products linked to commodity futures, thereby catering to investors seeking exposure to the energy sector.

YTD Price Performance: 0.86%

Average Trading Volume: 31,310

Current Market Cap: $100.6M

See more insights into UGA stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App

Latest News Feed

More Articles