United States Oil Fund LP (NYSEARCA:USO) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its position in United States Oil Fund LP (NYSEARCA:USO) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,200 shares of the company’s stock after selling 400 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.05% of United States Oil Fund worth $646,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new stake in United States Oil Fund during the 3rd quarter worth $104,000. International Assets Investment Management LLC lifted its stake in shares of United States Oil Fund by 2,024.3% in the third quarter. International Assets Investment Management LLC now owns 147,531 shares of the company’s stock worth $10,315,000 after buying an additional 140,586 shares in the last quarter. CWM LLC boosted its position in United States Oil Fund by 134.2% during the third quarter. CWM LLC now owns 2,558 shares of the company’s stock worth $179,000 after acquiring an additional 1,466 shares during the last quarter. SG Americas Securities LLC grew its stake in United States Oil Fund by 47.6% during the 3rd quarter. SG Americas Securities LLC now owns 2,548 shares of the company’s stock valued at $178,000 after acquiring an additional 822 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in United States Oil Fund in the 2nd quarter valued at about $303,000.

United States Oil Fund Price Performance

USO opened at $72.02 on Friday. The company’s 50 day simple moving average is $72.70 and its two-hundred day simple moving average is $75.56. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a 1-year low of $63.84 and a 1-year high of $83.41.

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.