other material
confidence high
sentiment negative
materiality 0.50
United States Gasoline Fund posts $2.8M net loss for August, NAV per share down to $70.42
United States Gasoline Fund, LP
- Net loss of $2,824,198; realized futures gain $6.56M offset by unrealized loss of $9.61M.
- NAV per share fell to $70.42 from $73.10 (start of month), a 3.7% decline.
- Total income loss $2.74M; expenses $79,959; dividend and interest income $306,932.
- 1,050,000 shares outstanding; additions and withdrawals each 50,000 shares during month.