United States Gasoline Fund, LP (NYSE Arca:UGA), a commodity exchange-traded fund, disclosed its monthly financial statement for July 2024 today. The report includes a detailed Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as mandated by Rule 4.22 under the Commodity Exchange Act.
The financial statements reveal the fund's performance and changes in net asset value over the past month, providing investors with up-to-date information on the fund's financial status. The report is available on the Registrant's website and has been furnished as Exhibit 99.1 with this Current Report on Form 8-K.
It is important to note that the information provided in this report, including the attached exhibit, is not filed for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it subject to the liabilities of that section. Furthermore, the information should not be considered incorporated by reference into any filings under the Securities Act of 1933, except as explicitly stated in any such filings.
The United States Gasoline Fund, LP, represented by its general partner United States Commodity Funds LLC, has ensured the report is signed and duly authorized according to the requirements of the Securities Exchange Act of 1934. The filing was executed by Stuart P. Crumbaugh, the Chief Financial Officer, on today's date.
Investors and interested parties are encouraged to review the financial statements to understand the fund's recent financial performance. The United States Gasoline Fund, LP specializes in commodities, specifically gasoline, and aims to provide investment results corresponding to the daily changes in percentage terms of the spot price of gasoline, as measured by the changes in the price of the futures contract on gasoline traded on the New York Mercantile Exchange.
In other recent news, the United States Gasoline Fund, LP has released its monthly financial statements for June and May 2024. The reports, which include a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, provide insights into the fund's financial performance, crucial for investors tracking commodities, particularly gasoline.
The statements, issued as per Commodity Exchange Act Rule 4.22, reveal income, losses, and changes in net asset value. These developments demonstrate the fund's commitment to transparency in its financial activities.
Managed by the United States Commodity Funds LLC and based in Walnut Creek, California, the United States Gasoline Fund, LP, emphasizes that the data in these reports are not considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or incorporated by reference into any filings under the Securities Act of 1933, unless explicitly stated in such filings.
It's important to note that these monthly financial statements are available on the United States Gasoline Fund's website. Investors and stakeholders are encouraged to review these documents to better understand the fund's performance. These recent developments underscore the fund's commitment to maintaining transparency with its investors and complying with regulatory requirements.
InvestingPro Insights
As investors digest the latest financial statements from United States Gasoline Fund, LP (NYSE Arca:UGA), it's crucial to consider additional metrics that could impact investment decisions. According to InvestingPro data, UGA currently has a market capitalization of $96.7 million. In terms of recent performance, the fund has experienced a 1-week price total return of 2.39%, yet the longer-term picture shows a 1-year price total return of -11.42%, indicating some volatility in its yearly performance.
From the perspective of InvestingPro Tips, it's noteworthy that UGA has struggled with weak gross profit margins, which could be a red flag for potential investors looking for robust financial health. Additionally, the valuation implies a poor free cash flow yield, suggesting that the fund's current price may not offer a strong return on investment through free cash flow. On a more positive note, UGA has delivered a strong return over the last five years, which may appeal to long-term investors. However, the fund does not pay a dividend, which could be a deciding factor for those seeking regular income from their investments. For a deeper dive into UGA's performance and more tips, there are additional InvestingPro Tips available at https://www.investing.com/pro/UGA.
Understanding these dynamics is essential for investors considering the United States Gasoline Fund, LP as part of their portfolio. With the fund's price hovering at 81.99% of its 52-week high and an average daily volume over the past three months of 0.03 million USD, market participants should weigh these insights carefully against their investment strategy and risk appetite.
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