United States Oil Fund LP (NYSEARCA:USO – Get Free Report) saw some unusual options trading on Tuesday. Stock traders acquired 117,720 call options on the stock. This represents an increase of approximately 157% compared to the typical daily volume of 45,854 call options.
United States Oil Fund Stock Performance
NYSEARCA:USO opened at $82.30 on Wednesday. The stock’s fifty day moving average is $68.69 and its 200 day moving average is $72.81. United States Oil Fund has a fifty-two week low of $60.67 and a fifty-two week high of $84.58. The firm has a market capitalization of $1.33 billion, a PE ratio of 19.22 and a beta of 0.43.
Institutional Trading of United States Oil Fund
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its holdings in United States Oil Fund by 1.6% during the 1st quarter. NewEdge Advisors LLC now owns 11,948 shares of the company’s stock valued at $924,000 after buying an additional 187 shares during the period. IFP Advisors Inc raised its holdings in United States Oil Fund by 35.4% during the 4th quarter. IFP Advisors Inc now owns 765 shares of the company’s stock valued at $58,000 after buying an additional 200 shares during the period. National Bank of Canada FI increased its stake in United States Oil Fund by 35.1% in the fourth quarter. National Bank of Canada FI now owns 770 shares of the company’s stock worth $58,000 after purchasing an additional 200 shares during the period. Mariner LLC increased its stake in United States Oil Fund by 2.9% in the fourth quarter. Mariner LLC now owns 9,085 shares of the company’s stock worth $686,000 after purchasing an additional 252 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in United States Oil Fund in the fourth quarter worth $25,000.
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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