United States Oil Fund LP (NYSE:USO) saw unusually large options trading on Tuesday. Traders bought 170,298 put options on the company. This represents an increase of 187% compared to the average volume of 59,433 put options.
Shares of United States Oil Fund (NYSE:USO) opened at 10.17 on Friday. The company has a 50 day moving average price of $9.37 and a 200-day moving average price of $10.36. United States Oil Fund has a 52-week low of $8.65 and a 52-week high of $12.00.
A number of large investors have recently bought and sold shares of the company. Ronald Blue & Co. LLC purchased a new stake in United States Oil Fund during the second quarter valued at about $170,000. ING Groep NV boosted its stake in United States Oil Fund by 57.2% in the second quarter. ING Groep NV now owns 86,795 shares of the exchange traded fund’s stock valued at $825,000 after buying an additional 31,595 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in United States Oil Fund by 4,361.0% in the second quarter. Daiwa Securities Group Inc. now owns 914,500 shares of the exchange traded fund’s stock valued at $8,687,000 after buying an additional 894,000 shares during the last quarter.
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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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