United States Gasoline Fund, LP (UGA)Commodities Focused | Exchange Traded Fund | NYSEArca
126.73 USD
+2.84
(2.292%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 126.73 |
Hot Take ↕ | Aug. 22, 2026, 3:21 a.m. EDT
The United States Gasoline Fund presents a classic case of a commodity ETF riding a volatile wave without the underlying business moat to sustain it. While the price has rallied significantly over the last decade, the lack of any dividend history and the heavy speculative positioning in the options market suggest this is a trade, not an investment. The options data reveals a stark disconnect: while retail and institutional traders are piling into deep out-of-the-money puts as insurance against a crash, the recent price action shows the fund trading near its 52-week highs. This defensive positioning implies that smart money expects the current energy spike to fade, potentially leaving the fund exposed if crude prices retreat. Without a yield to cushion drawdowns and with the market currently pricing in significant downside risk via the options chain, the long-term outlook remains neutral at best, as the fund is merely a vehicle for betting on oil prices rather than a generator of corporate value. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.123666 |
| AutoARIMA | 0.123667 |
| MSTL | 0.131713 |
| AutoTheta | 0.135796 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 39% |
| H-stat | 14.01 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.143 |
| Excess Kurtosis | -1.33 |
As of Aug. 22, 2026, 3:21 a.m. EDT: Speculators are aggressively positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 60, 80, 100) across multiple expirations, particularly in the December and January 2027 windows where volume spikes dominate. Conversely, call activity is concentrated near the money and slightly out-of-the-money (strikes 100-130), suggesting a 'long gamma' or hedging strategy rather than a pure bullish bet. The disparity between put volume and call volume indicates a defensive stance, with traders betting on volatility or a potential correction despite the recent price rally.
| Attribute | Value |
|---|---|
| All Time High | 127.29 |
| All Time Low | 8.19 |
| Ask | 130.0 |
| Ask Size | 1,300 |
| Average Daily Volume10 Day | 22,300 |
| Average Daily Volume3 Month | 40,916 |
| Average Volume | 40,916 |
| Average Volume10Days | 22,300 |
| Beta3 Year | 1.59 |
| Bid | 125.51 |
| Bid Size | 1,300 |
| Category | Commodities Focused |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 127.315 |
| Day Low | 124.68 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 114.0 |
| Fifty Day Average Change | 12.730003 |
| Fifty Day Average Change Percent | 0.111666694 |
| Fifty Two Week Change Percent | 87.31478 |
| Fifty Two Week High | 127.315 |
| Fifty Two Week High Change | -0.5849991 |
| Fifty Two Week High Change Percent | -0.004594895 |
| Fifty Two Week Low | 60.4 |
| Fifty Two Week Low Change | 66.33 |
| Fifty Two Week Low Change Percent | 1.0981789 |
| Fifty Two Week Range | 60.4 - 127.315 |
| First Trade Date Milliseconds | 1,204,209,000,000 |
| Five Year Average Return | 0.27771708 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 2.84 |
| Fullday Change Percent | 2.29236 |
| Fullday Price | 126.73 |
| Fund Family | USCF Investments |
| Fund Inception Date | 1,203,984,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests in futures contracts for gasoline, other types of gasoline, crude oil, diesel-heating oil, natural gas and other petroleum-based fuels. The Benchmark Futures Contract is the futures contract on gasoline as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire. |
| Long Name | United States Gasoline Fund, LP |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_33938673 |
| Nav Price | 122.911 |
| Net Assets | 135,150,832.0 |
| Net Expense Ratio | 1.08 |
| Open | 124.49 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 126.73 |
| Post Market Time | 1,787,959,806 |
| Previous Close | 123.89 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 2.84 |
| Regular Market Change Percent | 2.29236 |
| Regular Market Day High | 127.315 |
| Regular Market Day Low | 124.68 |
| Regular Market Day Range | 124.68 - 127.315 |
| Regular Market Open | 124.49 |
| Regular Market Previous Close | 123.89 |
| Regular Market Price | 126.73 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 15,031 |
| Short Name | United States Gasoline Fund LP |
| Source Interval | 15 |
| Symbol | UGA |
| Three Year Average Return | 0.1948317 |
| Total Assets | 135,150,832 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -1.8056 |
| Trailing Three Month Returns | -1.8056 |
| Triggerable | 1 |
| Two Hundred Day Average | 92.65535 |
| Two Hundred Day Average Change | 34.074654 |
| Two Hundred Day Average Change Percent | 0.367757 |
| Type Disp | ETF |
| Volume | 15,031 |
| Yield | 0.0 |
| Ytd Return | 90.25433 |