United States Oil Fund LP (NYSE:USO) was the recipient of unusually large options trading activity on Tuesday. Stock investors acquired 63,600 call options on the company. This represents an increase of approximately 105% compared to the average daily volume of 31,056 call options.

Shares of United States Oil Fund (NYSE:USO) opened at 10.03 on Friday. The company’s 50-day moving average is $9.84 and its 200-day moving average is $10.06. United States Oil Fund has a 52 week low of $8.65 and a 52 week high of $12.00.

Several large investors have recently modified their holdings of USO. Toronto Dominion Bank increased its stake in United States Oil Fund by 50.0% during the second quarter. Toronto Dominion Bank now owns 150,000 shares of the exchange traded fund’s stock valued at $1,425,000 after purchasing an additional 50,000 shares during the last quarter. Cetera Investment Advisers bought a new stake in United States Oil Fund during the second quarter valued at $553,000. National Asset Management Inc. bought a new stake in United States Oil Fund during the second quarter valued at $100,000. Intellectus Partners LLC increased its stake in United States Oil Fund by 66.7% during the second quarter. Intellectus Partners LLC now owns 20,000 shares of the exchange traded fund’s stock valued at $190,000 after purchasing an additional 8,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in United States Oil Fund by 1,303.0% during the second quarter. The Manufacturers Life Insurance Company now owns 67,723 shares of the exchange traded fund’s stock valued at $644,000 after purchasing an additional 62,896 shares during the last quarter.

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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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