United States Oil Fund LP (NYSEARCA:USO – Get 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
- Positive Sentiment: Heightened U.S.–Iran tensions and reports of possible U.S. military action are pushing oil prices higher, supporting demand for oil futures exposure like USO. Trump to decide whether to attack Iran — oil prices jump
- Positive Sentiment: U.S. commercial crude inventories fell by about 9 million barrels versus expectations of a rise, tightening near-term supply and supporting crude futures — a direct positive for USO’s underlying exposure. U.S. Crude Oil Stockpiles Post Hefty Decline
- Positive Sentiment: Technical charts show WTI breaking out of a pennant/continuation pattern — a bullish technical signal that can attract momentum flows into oil ETFs and funds that track futures. Crude Oil Price Forecast: Bullish Breakout Signals Trend Continuation
- Positive Sentiment: Unusual options activity: traders bought roughly 101,801 USO call contracts on Wednesday (about +75% vs. typical call volume), signaling speculative bullish positioning that can amplify intraday moves in the ETF.
- Neutral Sentiment: Leveraged oil and energy ETFs have surged as crude jumps — this shows broad risk-on flows into oil exposure but also increases volatility and correlation across energy products. Leveraged Oil & Energy ETFs Soar on Rising U.S.-Iran Tensions
- Neutral Sentiment: Short-term consolidation/technical corrections are possible after sharp moves; traders are watching inventory pivots and the $62–$70 WTI range for next direction. 10 YR Yield, Silver, DAX and Crude Oil Forecasts
- Negative Sentiment: Supply-side developments could cap gains — Tengiz output ramps and fresh purchases from India/Venezuela point to incremental supply easing some upside pressure on crude. Tengiz output surge caps crude at $70? India’s Bharat Petroleum, HPCL Mittal buy Venezuelan oil
- Negative Sentiment: Geopolitical headlines can reverse quickly — signs of de‑escalation or a technical correction would likely push crude lower and weigh on USO. Oil prices dip as investors assess trajectory of US-Iran tensions
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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