Investors Purchase Large Volume of Call Options on United States Oil Fund (NYSEARCA:USO)

United States Oil Fund LP (NYSEARCA:USOGet Free Report) was the target of unusually large options trading activity on Thursday. Stock investors purchased 188,717 call options on the stock. This is an increase of 164% compared to the typical daily volume of 71,588 call options.

Trending Headlines about United States Oil Fund

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United States Oil Fund Trading Up 1.5%

NYSEARCA:USO opened at $91.56 on Thursday. United States Oil Fund has a 12 month low of $60.67 and a 12 month high of $94.37. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 19.22 and a beta of 0.40. The firm has a fifty day simple moving average of $75.56 and a two-hundred day simple moving average of $73.20.

Institutional Trading of United States Oil Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd raised its stake in United States Oil Fund by 1,005.7% during the 2nd quarter. Quadrature Capital Ltd now owns 342,680 shares of the company’s stock worth $25,053,000 after buying an additional 311,687 shares during the period. Caption Management LLC bought a new stake in shares of United States Oil Fund during the fourth quarter valued at approximately $5,201,000. Harvest Fund Management Co. Ltd raised its position in shares of United States Oil Fund by 33.9% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 239,149 shares of the company’s stock worth $17,030,000 after purchasing an additional 60,569 shares during the period. Jump Financial LLC raised its position in shares of United States Oil Fund by 67.3% during the second quarter. Jump Financial LLC now owns 131,279 shares of the company’s stock worth $9,598,000 after purchasing an additional 52,830 shares during the period. Finally, Davidson Kempner Capital Management LP bought a new position in shares of United States Oil Fund in the 3rd quarter worth $3,478,000. 67.47% of the stock is owned by institutional investors.

About United States Oil Fund

(Get Free Report)

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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