Today, United States Gasoline Fund, LP (NYSE Arca:UGA), a Delaware-based investment fund, disclosed its monthly financial statement for the period ending August 31, 2024. The report, which includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, was issued as part of a regulatory requirement under Rule 4.22 of the Commodity Exchange Act.
The financial statement, now accessible on the fund's official website, details the performance of the fund over the past month. This document is intended to provide transparency to investors regarding the fund's recent financial activities and changes in net asset value.
As noted in the filing, the information presented in the monthly account statement, including any potential gains or losses, should not be considered as filed for the purposes of Section 18 of the Securities Exchange Act of 1934, nor should it be assumed to be incorporated by reference in any filings under the Securities Act of 1933, unless explicitly stated in such filings.
The United States Gasoline Fund, LP serves as a commodity pool that issues shares traded on the NYSE Arca, providing investors with exposure to the gasoline market. The fund's general partner, United States Commodity Funds LLC, is responsible for the management and operation of the fund.
In other recent news, the United States Gasoline Fund, LP has disclosed its monthly financial statements for July, June, and May 2024. These statements, which include a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, provide crucial insights into the fund's financial performance. The reports, managed by United States Commodity Funds LLC, reveal the fund's income, losses, and changes in net asset value, offering transparency in its financial activities.
The information, released under Rule 4.22 of the Commodity Exchange Act, is not filed for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it subject to liabilities of that section. It is also not incorporated by reference into any filings under the Securities Act of 1933, except as explicitly stated in any such filings. The financial statements are available on the United States Gasoline Fund's website for investors and stakeholders to review.
The United States Gasoline Fund, LP, based in Walnut Creek, California, specializes in commodities, specifically gasoline, and aims to provide investment results corresponding to the daily changes in the price of gasoline.
InvestingPro Insights
Recent data from InvestingPro sheds additional light on the United States Gasoline Fund, LP (UGA) performance. The fund's market capitalization stands at $96.26 million, reflecting its current position in the market. UGA has experienced a downward trend across various timeframes, with a 3-month price total return of -13.7% and a 1-year return of -13.78%. This aligns with the fund's current price being at 78.24% of its 52-week high, indicating some volatility in the gasoline market.
InvestingPro Tips highlight potential areas of concern for investors. The fund suffers from weak gross profit margins and its valuation implies a poor free cash flow yield. Additionally, UGA does not pay dividends to shareholders, which may be a consideration for income-focused investors.
These insights complement the monthly financial statement disclosed by UGA, offering a broader perspective on the fund's performance and characteristics. For those seeking a deeper analysis, InvestingPro offers 3 additional tips that could provide further context to UGA's financial position and market performance.
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