United States Oil Fund LP (NYSE:USO) saw a significant increase in short interest during the month of September. As of September 29th, there was short interest totalling 65,249,603 shares, an increase of 5.5% from the September 15th total of 61,877,241 shares. Based on an average trading volume of 17,393,709 shares, the days-to-cover ratio is currently 3.8 days.

Several institutional investors and hedge funds have recently made changes to their positions in USO. ING Groep NV lifted its stake in shares of United States Oil Fund by 57.2% in the 2nd quarter. ING Groep NV now owns 86,795 shares of the exchange traded fund’s stock valued at $825,000 after acquiring an additional 31,595 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of United States Oil Fund by 4,361.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 914,500 shares of the exchange traded fund’s stock valued at $8,687,000 after acquiring an additional 894,000 shares during the last quarter. Ronald Blue & Co. LLC bought a new position in shares of United States Oil Fund in the 2nd quarter valued at $170,000. IFP Advisors Inc lifted its stake in shares of United States Oil Fund by 31.6% in the 2nd quarter. IFP Advisors Inc now owns 216,596 shares of the exchange traded fund’s stock valued at $2,058,000 after acquiring an additional 52,018 shares during the last quarter. Finally, National Planning Corp lifted its stake in shares of United States Oil Fund by 25.3% in the 2nd quarter. National Planning Corp now owns 194,160 shares of the exchange traded fund’s stock valued at $1,868,000 after acquiring an additional 39,154 shares during the last quarter.

Shares of United States Oil Fund (USO) opened at 10.35 on Friday. United States Oil Fund has a 52-week low of $8.65 and a 52-week high of $12.00. The stock’s 50 day moving average price is $10.18 and its 200-day moving average price is $9.96.

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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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