United States Oil Fund (NYSEARCA:USO) Sees Strong Trading Volume

United States Oil Fund LP (NYSEARCA:USO) saw unusually-strong trading volume on Friday . Approximately 1,814,720 shares changed hands during trading, a decline of 61% from the previous session’s volume of 4,643,127 shares.The stock last traded at $78.65 and had previously closed at $78.78.

United States Oil Fund Stock Up 0.2 %

The firm has a market cap of $1.22 billion, a PE ratio of 24.70 and a beta of 0.19. The stock has a 50 day moving average price of $76.48 and a two-hundred day moving average price of $73.14.

Institutional Investors Weigh In On United States Oil Fund

A number of large investors have recently modified their holdings of the business. International Assets Investment Management LLC boosted its position in United States Oil Fund by 8,512.4% in the fourth quarter. International Assets Investment Management LLC now owns 222,544 shares of the company’s stock valued at $14,833,000 after buying an additional 219,960 shares during the last quarter. Allworth Financial LP boosted its position in United States Oil Fund by 299.6% in the fourth quarter. Allworth Financial LP now owns 3,001 shares of the company’s stock valued at $200,000 after buying an additional 2,250 shares during the last quarter. Scotia Capital Inc. purchased a new stake in United States Oil Fund in the third quarter valued at approximately $666,000. Mariner LLC boosted its position in United States Oil Fund by 58.5% in the 3rd quarter. Mariner LLC now owns 13,117 shares of the company’s stock worth $1,061,000 after purchasing an additional 4,840 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in United States Oil Fund by 1.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 30,893 shares of the company’s stock worth $2,498,000 after purchasing an additional 362 shares in the last quarter.

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.