United States Oil Fund LP (NYSE:USO) saw some unusual options trading on Monday. Investors purchased 90,217 put options on the company. This is an increase of 147% compared to the average volume of 36,523 put options.

Institutional investors have recently bought and sold shares of the stock. Allegis Investment Advisors LLC raised its position in United States Oil Fund by 1.9% in the 2nd quarter. Allegis Investment Advisors LLC now owns 15,824 shares of the exchange traded fund’s stock valued at $150,000 after purchasing an additional 300 shares during the last quarter. Sigma Planning Corp increased its stake in shares of United States Oil Fund by 1.2% in the 2nd quarter. Sigma Planning Corp now owns 34,375 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 405 shares during the period. Bank of New York Mellon Corp increased its stake in shares of United States Oil Fund by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 19,571 shares of the exchange traded fund’s stock valued at $186,000 after buying an additional 1,466 shares during the period. Edmond DE Rothschild Holding S.A. increased its stake in shares of United States Oil Fund by 6.4% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 31,633 shares of the exchange traded fund’s stock valued at $295,000 after buying an additional 1,900 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of United States Oil Fund by 13.8% in the 2nd quarter. HighTower Advisors LLC now owns 18,165 shares of the exchange traded fund’s stock valued at $173,000 after buying an additional 2,200 shares during the period.

Shares of United States Oil Fund (NYSE USO) opened at 10.08 on Thursday. The company’s 50 day moving average price is $9.98 and its 200 day moving average price is $9.95. United States Oil Fund has a 52-week low of $8.65 and a 52-week high of $12.00.

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About United States Oil Fund

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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