United States Oil Fund LP (NYSE:USO) was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 66,481,695 shares, an increase of 5.5% from the July 31st total of 63,026,776 shares. Based on an average trading volume of 23,189,582 shares, the days-to-cover ratio is presently 2.9 days.

Institutional investors have recently made changes to their positions in the stock. National Asset Management Inc. bought a new position in shares of United States Oil Fund during the second quarter valued at $100,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of United States Oil Fund during the second quarter valued at $137,000. BlueCrest Capital Management Ltd bought a new position in shares of United States Oil Fund during the second quarter valued at $140,000. Allegis Investment Advisors LLC boosted its position in shares of 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. bought a new position in shares of United States Oil Fund during the second quarter valued at $162,000.

Shares of United States Oil Fund (NYSE:USO) opened at 9.67 on Friday. The stock’s 50 day moving average price is $9.80 and its 200-day moving average price is $10.09. United States Oil Fund has a 52-week low of $8.65 and a 52-week high of $12.00.

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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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