United States Oil Fund LP (NYSEARCA:USO) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in shares of United States Oil Fund LP (NYSEARCA:USO) by 9.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,500 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Daiwa Securities Group Inc. owned about 0.16% of United States Oil Fund worth $2,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Flow Traders U.S. LLC lifted its position in United States Oil Fund by 12.6% in the 1st quarter. Flow Traders U.S. LLC now owns 452,504 shares of the company’s stock valued at $35,626,000 after purchasing an additional 50,461 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of United States Oil Fund during the second quarter valued at approximately $28,422,000. Parkwood LLC boosted its position in shares of United States Oil Fund by 644.4% during the fourth quarter. Parkwood LLC now owns 150,473 shares of the company’s stock worth $10,029,000 after buying an additional 130,258 shares during the period. Wellington Management Group LLP bought a new position in United States Oil Fund in the 4th quarter worth approximately $9,238,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in United States Oil Fund by 159.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 108,286 shares of the company’s stock valued at $7,217,000 after acquiring an additional 66,530 shares during the period.

United States Oil Fund Price Performance

Shares of United States Oil Fund stock opened at $69.84 on Friday. United States Oil Fund LP has a 1-year low of $63.84 and a 1-year high of $83.41. The company has a market capitalization of $1.21 billion, a P/E ratio of 22.97 and a beta of 0.10. The business’s fifty day moving average price is $75.37 and its two-hundred day moving average price is $76.65.

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.