United States Oil Fund LP (NYSE:USO) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 66,454,037 shares, a growth of 11.4% from the October 13th total of 59,678,514 shares. Based on an average daily volume of 15,257,455 shares, the short-interest ratio is currently 4.4 days.

United States Oil Fund (USO) opened at $11.38 on Tuesday. United States Oil Fund has a one year low of $8.65 and a one year high of $12.00.

Large investors have recently modified their holdings of the company. National Asset Management Inc. bought a new position in shares of United States Oil Fund in the 2nd quarter worth approximately $100,000. BSW Wealth Partners bought a new position in shares of United States Oil Fund in the 3rd quarter worth approximately $116,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of United States Oil Fund in the 2nd quarter worth approximately $137,000. BlueCrest Capital Management Ltd bought a new position in shares of United States Oil Fund in the 2nd quarter worth approximately $140,000. Finally, Allegis Investment Advisors LLC lifted its stake in shares of 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 worth $150,000 after purchasing an additional 300 shares during the period.

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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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