other material
confidence high
sentiment negative
materiality 0.40
UGA reports net loss of $5.5M for October, NAV per share $62.97
United States Gasoline Fund, LP
- Net loss of $5,525,359 for month ended Oct 31, 2023; NAV fell to $66.1M from $77.7M.
- Realized trading loss of $11.8M on commodity futures, partially offset by $6.1M unrealized gain.
- Net asset value per share $62.97 on 1,050,000 shares outstanding.
- Redemptions of 150,000 shares ($9.4M) exceeded additions of 50,000 shares ($3.3M).
- General partner management fees $35,154; total expenses $54,964.