Learn about the latest financial updates from United States Gasoline Fund, LP (UGA) for August 2024. Get insights into the fund's performance and changes in net asset value. Find out more here!
United States Gasoline Fund, LP (NYSE Arca:UGA) has released its monthly financial statement for August 2024. The report, which includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, provides transparency to investors about the fund's recent financial activities.
As a commodity pool that issues shares traded on the NYSE Arca, UGA offers investors exposure to the gasoline market. The fund's general partner, United States Commodity Funds LLC, manages and operates the fund.
Recent data from InvestingPro shows that UGA has experienced a downward trend with a 3-month price total return of -13.7% and a 1-year return of -13.78%. The fund's market capitalization is $96.26 million, reflecting its current position in the market.
InvestingPro Tips highlight potential areas of concern for investors, including weak gross profit margins and a lack of dividends for shareholders. For a deeper analysis of UGA's financial position and market performance, InvestingPro offers additional insights.
Stay informed about United States Gasoline Fund, LP's financial updates and make informed investment decisions. Check out the full report on the fund's official website!
Analysis:
The United States Gasoline Fund, LP has disclosed its monthly financial statement for August 2024, providing investors with insights into the fund's performance and changes in net asset value. This transparency allows investors to make informed decisions about their investments in the gasoline market. Additionally, data from InvestingPro shows a downward trend in UGA's performance, highlighting potential areas of concern for investors. Understanding these financial updates can help individuals make strategic decisions regarding their finances and investments.