United States Oil Fund LP (NYSE:USO) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in shares of United States Oil Fund LP (NYSE:USO) by 4,361.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 914,500 shares of the exchange traded fund’s stock after buying an additional 894,000 shares during the period. Daiwa Securities Group Inc.’s holdings in United States Oil Fund were worth $8,687,000 at the end of the most recent quarter.

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Separately, ING Groep NV increased its position in shares of 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.

Shares of United States Oil Fund LP (NYSE USO) traded down 1.85% on Wednesday, reaching $9.57. 37,689,651 shares of the company traded hands. The firm has a 50-day moving average of $9.69 and a 200-day moving average of $10.23. United States Oil Fund LP has a 52-week low of $8.65 and a 52-week high of $12.00.

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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.