United States Oil Fund LP (ETF) (USO) Short Interest Up 6.4% in September
United States Oil Fund LP (ETF) (NYSE:USO) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 55,273,275 shares, an increase of 6.4% from the August 31st total of 51,968,585 shares. Based on an average daily volume of 40,599,968 shares, the days-to-cover ratio is currently 1.4 days.
United States Oil Fund LP (NYSE:USO) opened at 10.93 on Friday. United States Oil Fund LP has a one year low of $7.67 and a one year high of $16.20. The company’s 50-day moving average is $10.59 and its 200-day moving average is $10.78.
About United States Oil Fund LP (ETF)
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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