Today, United States Gasoline Fund, LP (NYSE Arca:UGA), a commodity exchange-traded fund, disclosed its monthly financial statement for September 2024. The report includes a detailed Statement of Income (Loss) and a Statement of Changes in Net Asset Value as mandated by Commodity Exchange Act Rule 4.22.
The financial statement, now available on the United States Gasoline Fund's website, presents the fiscal activities of the fund for the month ended September 30, 2024. It should be noted that the information provided in this report, including the attached Exhibit 99.1, is not considered filed under Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference in any filings under the Securities Act of 1933, unless specifically referenced in such filings.
This disclosure, filed with the Securities and Exchange Commission (SEC) on Tuesday, October 29, 2024, ensures transparency and provides investors with up-to-date information on the fund's financial status. The United States Gasoline Fund, LP operates as a Delaware limited partnership and is managed by United States Commodity Funds LLC, with its principal executive office located in Walnut Creek, California.
The fund, which trades under the ticker symbol UGA, is designed to track the movements of gasoline prices and is a popular investment vehicle for those looking to gain exposure to the energy sector, particularly gasoline.
The financial statements are a key resource for investors and analysts monitoring the performance of the United States Gasoline Fund, LP. These documents provide insights into the profitability and asset value changes over the reporting period, which are essential for making informed investment decisions.
In other recent news, the United States Gasoline Fund, LP has disclosed its monthly financial statements for August, July, and June 2024. These reports provide crucial insights into the fund's recent financial performance, detailing income, losses, and changes in net asset value. The documents, managed by United States Commodity Funds LLC, are aimed at offering transparency in the fund's financial activities.
These financial statements, released under Rule 4.22 of the Commodity Exchange Act, are accessible on the United States Gasoline Fund's website for investors and stakeholders to review. It should be noted that the information in these reports is not filed for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference into any filings under the Securities Act of 1933, unless explicitly stated in such filings.
The United States Gasoline Fund, LP has also disclosed its monthly financial statements for May 2024, further underscoring the fund's commitment to transparency. These recent developments reflect the fund's dedication to providing investors with up-to-date information on its financial status, crucial for those tracking commodities, specifically gasoline.
InvestingPro Insights
To provide additional context to the United States Gasoline Fund's (UGA) financial disclosure, let's examine some key metrics from InvestingPro. As of the latest data, UGA has a market capitalization of $95.74 million, reflecting its size in the commodity ETF space. The fund's performance has been mixed across different timeframes, with a 2.57% return over the past month but a -17.47% return over the last six months.
InvestingPro Tips highlight some important characteristics of UGA. The fund suffers from weak gross profit margins, which could impact its overall performance. Additionally, UGA does not pay a dividend to shareholders, which may be a consideration for income-focused investors.
For those interested in a deeper analysis, InvestingPro offers 3 additional tips that could provide valuable insights into UGA's investment potential. These tips, along with real-time data and expert analysis, are available to InvestingPro subscribers, offering a more comprehensive view of UGA's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.