Stock Traders Buy Large Volume of Call Options on United States Oil Fund (NYSEARCA:USO)

United States Oil Fund LP (NYSEARCA:USOGet Free Report) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 101,801 call options on the stock. This represents an increase of 75% compared to the typical volume of 58,108 call options.

United States Oil Fund Price Performance

Shares of USO opened at $81.19 on Friday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.22 and a beta of 0.40. The business has a 50-day moving average of $72.83 and a 200-day moving average of $72.58. United States Oil Fund has a 1 year low of $60.67 and a 1 year high of $83.57.

Hedge Funds Weigh In On United States Oil Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd grew its stake in United States Oil Fund by 1,005.7% in the 2nd quarter. Quadrature Capital Ltd now owns 342,680 shares of the company’s stock valued at $25,053,000 after buying an additional 311,687 shares in the last quarter. Caption Management LLC purchased a new stake in United States Oil Fund during the fourth quarter valued at about $5,201,000. Harvest Fund Management Co. Ltd grew its stake in shares of United States Oil Fund by 33.9% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 239,149 shares of the company’s stock valued at $17,030,000 after buying an additional 60,569 shares during the last quarter. Jump Financial LLC increased its holdings in shares of United States Oil Fund by 67.3% in the second quarter. Jump Financial LLC now owns 131,279 shares of the company’s stock worth $9,598,000 after buying an additional 52,830 shares during the period. Finally, Davidson Kempner Capital Management LP bought a new stake in shares of United States Oil Fund in the 3rd quarter valued at about $3,478,000. 67.47% of the stock is owned by institutional investors.

United States Oil Fund News Roundup

Here are the key news stories impacting United States Oil Fund this week:

About United States Oil Fund

(Get Free Report)

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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