United States Oil Fund LP (ETF) (USO) Short Interest Update
United States Oil Fund LP (ETF) (NYSE:USO) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 49,983,422 shares, a drop of 9.6% from the September 15th total of 55,273,275 shares. Based on an average daily trading volume, of 52,511,748 shares, the days-to-cover ratio is presently 1.0 days.
United States Oil Fund LP (NYSE:USO) opened at 11.37 on Tuesday. United States Oil Fund LP has a 52 week low of $7.67 and a 52 week high of $15.45. The stock’s 50 day moving average price is $10.73 and its 200-day moving average price is $10.89.
United States Oil Fund LP (ETF) Company Profile
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United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of USO is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange, that is the near month contract to expire, except when the near month contract is within over two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less USO’s expenses.
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