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

United States Oil Fund LP (NYSEARCA:USOGet Free Report) was the recipient of some unusual options trading on Thursday. Investors acquired 68,633 call options on the stock. This represents an increase of approximately 48% compared to the average daily volume of 46,478 call options.

United States Oil Fund Stock Performance

United States Oil Fund stock traded up $2.75 during trading on Thursday, reaching $70.54. The company had a trading volume of 6,539,454 shares, compared to its average volume of 5,455,207. The firm’s 50-day simple moving average is $70.12 and its 200 day simple moving average is $72.69. The firm has a market capitalization of $974.86 million, a PE ratio of 19.22 and a beta of 0.40. United States Oil Fund has a 1-year low of $60.67 and a 1-year high of $84.58.

Key United States Oil Fund News

Here are the key news stories impacting United States Oil Fund this week:

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Activest Wealth Management purchased a new stake in United States Oil Fund in the 3rd quarter valued at $28,000. Raymond James Financial Inc. acquired a new position in shares of United States Oil Fund during the 2nd quarter valued at about $38,000. Financial Consulate Inc. purchased a new stake in shares of United States Oil Fund in the third quarter valued at about $42,000. Farther Finance Advisors LLC grew its holdings in shares of United States Oil Fund by 1,428.6% in the second quarter. Farther Finance Advisors LLC now owns 642 shares of the company’s stock valued at $47,000 after purchasing an additional 600 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in United States Oil Fund during the third quarter worth about $57,000. 67.47% of the stock is owned by hedge funds and other institutional investors.

United States Oil Fund Company Profile

(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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