ETF Quote Details
|NAV (month end)||60.09|
|Premium (+)/Discount (-) (month end)||-0.67|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$0.00 (0.00%)|
|Issuer||US COMMODITY FUNDS|
The index looks to reflect the changes of the price of gasoline, as measured by the price of the contract on unleaded gasoline for delivery to the New York harbor, traded on the NYMEX that is the near month to expire, except when the near contract is within two weeks of expiration, in which case it will be measured by the contract that is the next month contract to expire.
UGA is an exchange-traded security that is designed to track in percentage terms the movements in the price of gasoline delivered to the New York harbor. UGA issues units that may be purchased and sold on the NYSE Arca.