United States Oil Fund LP (NYSE:USO) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 91,934 put options on the stock. This is an increase of approximately 125% compared to the typical daily volume of 40,859 put options.

Institutional investors have recently added to or reduced their stakes in the company. National Asset Management Inc. bought a new position in United States Oil Fund during the second quarter valued at approximately $100,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in United States Oil Fund during the second quarter valued at approximately $137,000. BlueCrest Capital Management Ltd bought a new position in United States Oil Fund during the second quarter valued at approximately $140,000. Allegis Investment Advisors LLC raised its position in United States Oil Fund by 1.9% in the second quarter. Allegis Investment Advisors LLC now owns 15,824 shares of the exchange traded fund’s stock valued at $150,000 after buying an additional 300 shares during the period. Finally, Capital Advantage Inc. bought a new position in United States Oil Fund during the second quarter valued at approximately $162,000.

Shares of United States Oil Fund (NYSE USO) opened at 9.97 on Friday. The company has a 50-day moving average of $9.72 and a 200 day moving average of $10.22. United States Oil Fund has a one year low of $8.65 and a one year high of $12.00.

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United States Oil Fund Company Profile

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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