Lido Advisors LLC Sells 43,607 Shares of United States Oil Fund LP $USO

Lido Advisors LLC reduced its holdings in shares of United States Oil Fund LP (NYSEARCA:USO) by 78.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,001 shares of the company’s stock after selling 43,607 shares during the period. Lido Advisors LLC owned 0.09% of United States Oil Fund worth $1,527,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Sovereign Financial Group Inc. bought a new stake in shares of United States Oil Fund during the 1st quarter valued at about $1,749,000. Harvest Fund Management Co. Ltd increased its holdings in United States Oil Fund by 33.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 239,149 shares of the company’s stock worth $17,030,000 after purchasing an additional 60,569 shares in the last quarter. Indie Asset Partners LLC bought a new stake in United States Oil Fund in the fourth quarter worth approximately $2,113,000. Silver Oak Securities Incorporated acquired a new position in United States Oil Fund in the first quarter valued at approximately $2,051,000. Finally, Global Endowment Management LP acquired a new position in United States Oil Fund in the fourth quarter valued at approximately $346,000. 67.47% of the stock is owned by institutional investors.

United States Oil Fund Stock Performance

United States Oil Fund stock opened at $124.76 on Tuesday. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 19.22 and a beta of -0.01. United States Oil Fund LP has a 52-week low of $65.99 and a 52-week high of $154.08. The stock’s 50 day moving average price is $123.42 and its two-hundred day moving average price is $111.40.

Key United States Oil Fund News

Here are the key news stories impacting United States Oil Fund this week:

• Neutral Sentiment: WTI bounced from its 50-day exponential moving average after missile strikes paused, suggesting near-term technical support, although the broader market remains focused on whether the ceasefire holds. Crude Oil Price Analysis – WTI Bounces Off 50-Day EMA as Strikes Pause
• Neutral Sentiment: Investors are awaiting the August 2 OPEC+ meeting, while Middle East tensions, Strait of Hormuz shipping and LNG demand could continue to create volatility in crude prices. Natural Gas and Oil Forecast: OPEC+ Meeting Looms; Can WTI Hold Above $83?
• Positive Sentiment: Energy commodities were among the strongest-performing non-leveraged ETF exposures last week, highlighting continued investor interest in commodity inflation hedges. However, this backdrop was overtaken by the latest decline in crude prices. Top-Performing ETFs of the Week: Options, Crypto Miners, & Energy
• Negative Sentiment: The pause in U.S.-Iran fighting increased hopes for diplomacy, safer tanker transit and the resumption of shipping through the Strait of Hormuz. Those developments reduced fears of an immediate supply shock and pushed Brent below $90 per barrel. Oil prices dip over 6% after US, Iran pause fighting over weekend
• Negative Sentiment: Reports that supply-disruption concerns were easing triggered additional selling in oil futures, directly pressuring USO’s underlying holdings. Oil slips more than 5% after US pauses strikes on Iran

About United States Oil Fund

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.