United States Oil Fund Sees Unusually High Options Volume (NYSEARCA:USO)

United States Oil Fund LP (NYSEARCA:USO) was the recipient of unusually large options trading on Monday. Investors bought 60,162 put options on the company. This represents an increase of approximately 71% compared to the average volume of 35,186 put options.

Institutional Investors Weigh In On United States Oil Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cerity Partners LLC acquired a new stake in United States Oil Fund during the fourth quarter worth $340,000. Simplicity Solutions LLC acquired a new stake in shares of United States Oil Fund during the 4th quarter worth about $244,000. Daiwa Securities Group Inc. raised its holdings in United States Oil Fund by 18.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 25,800 shares of the company’s stock valued at $1,720,000 after buying an additional 4,000 shares during the period. CWM LLC lifted its position in United States Oil Fund by 45.9% in the fourth quarter. CWM LLC now owns 1,192 shares of the company’s stock valued at $79,000 after buying an additional 375 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new position in United States Oil Fund during the fourth quarter worth about $9,319,000.

United States Oil Fund Stock Down 0.7 %

NYSEARCA USO opened at $73.83 on Wednesday. The business’s fifty day simple moving average is $77.85 and its 200-day simple moving average is $76.67. The firm has a market cap of $1.28 billion, a PE ratio of 22.97 and a beta of 0.10. United States Oil Fund has a 52 week low of $63.84 and a 52 week high of $83.41.

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.