v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2026
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Schedule of valuation of UGA's securities using fair value hierarchy

At June 30, 2026

  ​ ​ ​

Total

  ​ ​ ​

Level I

  ​ ​ ​

Level II

  ​ ​ ​

Level III

Short-Term Investments

$

78,100,000

$

78,100,000

$

$

Exchange-Traded Futures Contracts

 

 

  ​

 

  ​

United States Contracts

 

3,036,388

3,036,388

 

 

At December 31, 2025

  ​ ​ ​

Total

  ​ ​ ​

Level I

  ​ ​ ​

Level II

  ​ ​ ​

Level III

Short-Term Investments

$

29,500,000

$

29,500,000

$

$

Exchange-Traded Futures Contracts

 

  ​

 

  ​

 

  ​

 

  ​

United States Contracts

 

709,073

 

709,073

 

 

Schedule of fair value of derivative instruments

Statements of

Financial

Fair Value at

Fair Value at

Condition

June 30, 

December 31, 

Derivatives not Accounted for as Hedging Instruments

  ​ ​ ​

Location

  ​ ​ ​

2026

  ​ ​ ​

2025

Futures - Commodity Contracts

Unrealized gain (loss) on open commodity futures contracts

$

3,036,388

$

709,073

Schedule of effect of derivative instruments on statements of operations

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

For the six months ended

  ​ ​ ​

For the six months ended

June 30, 2026

June 30, 2025

Change in Unrealized

Change in Unrealized

Derivatives not

Location of Gain 

Realized Gain (Loss)

Gain (Loss) on

Realized Gain (Loss)

Gain (Loss) on

Accounted for as

(Loss) on Derivatives

 on Derivatives

Derivatives

in Derivatives

Derivatives

Hedging Instruments

  ​ ​ ​

Recognized in Income

  ​ ​ ​

Recognized in Income

  ​ ​ ​

Recognized in Income

  ​ ​ ​

Recognized in Income

  ​ ​ ​

Recognized in Income

Futures - Commodity Contracts

 

Realized gain (loss) on closed commodity futures contracts

$

52,204,814

 

$

2,507,618

 

 

Change in unrealized gain (loss) on open commodity futures contracts

$

2,327,315

$

(7,442,169)