United States Oil Fund Sees Unusually High Options Volume (USO)
United States Oil Fund LP (NYSE:USO) was the recipient of some unusual options trading on Wednesday. Traders acquired 91,934 put options on the company. This is an increase of 125% compared to the typical daily volume of 40,859 put options.
Shares of United States Oil Fund (NYSE USO) opened at 9.97 on Monday. United States Oil Fund has a 52 week low of $8.65 and a 52 week high of $12.00. The company’s 50-day moving average price is $9.72 and its 200 day moving average price is $10.22.
Large investors have recently bought and sold shares of the company. National Asset Management Inc. acquired a new stake in United States Oil Fund during the second quarter valued at about $100,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in United States Oil Fund during the second quarter valued at about $137,000. BlueCrest Capital Management Ltd acquired a new stake in United States Oil Fund during the second quarter valued at about $140,000. Allegis Investment Advisors LLC boosted its stake in United States Oil Fund by 1.9% in the second quarter. Allegis Investment Advisors LLC now owns 15,824 shares of the exchange traded fund’s stock valued at $150,000 after buying an additional 300 shares during the period. Finally, Capital Advantage Inc. acquired a new stake in United States Oil Fund during the second quarter valued at about $162,000.
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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.
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