United States Oil Fund LP (USO) Short Interest Up 7.7% in September
United States Oil Fund LP (NYSE:USO) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 61,877,241 shares, an increase of 7.7% from the August 31st total of 57,470,269 shares. Based on an average daily trading volume, of 20,093,830 shares, the short-interest ratio is presently 3.1 days.
Shares of United States Oil Fund (NYSE USO) opened at 10.43 on Friday. The stock’s 50 day moving average price is $9.88 and its 200-day moving average price is $9.96. United States Oil Fund has a 12-month low of $8.65 and a 12-month high of $12.00.
Institutional investors have recently modified their holdings of the business. National Asset Management Inc. bought a new stake in United States Oil Fund during the second quarter worth about $100,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in United States Oil Fund during the second quarter worth about $137,000. BlueCrest Capital Management Ltd bought a new stake in United States Oil Fund during the second quarter worth about $140,000. Allegis Investment Advisors LLC grew its stake in United States Oil Fund by 1.9% during the second quarter. Allegis Investment Advisors LLC now owns 15,824 shares of the exchange traded fund’s stock worth $150,000 after buying an additional 300 shares during the last quarter. Finally, Capital Advantage Inc. bought a new stake in United States Oil Fund during the second quarter worth 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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