Golden State Equity Partners Has $361,000 Stock Position in United States Oil Fund LP $USO

Golden State Equity Partners decreased its stake in United States Oil Fund LP (NYSEARCA:USO) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,942 shares of the company’s stock after selling 790 shares during the period. Golden State Equity Partners’ holdings in United States Oil Fund were worth $361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Harvest Fund Management Co. Ltd grew its stake in shares of United States Oil Fund by 83.2% in the first quarter. Harvest Fund Management Co. Ltd now owns 142,570 shares of the company’s stock worth $10,882,000 after acquiring an additional 64,734 shares during the last quarter. Flow Traders U.S. LLC grew its stake in shares of United States Oil Fund by 22.8% in the first quarter. Flow Traders U.S. LLC now owns 71,780 shares of the company’s stock worth $5,551,000 after acquiring an additional 13,340 shares during the last quarter. NewEdge Advisors LLC boosted its stake in United States Oil Fund by 1.6% during the first quarter. NewEdge Advisors LLC now owns 11,948 shares of the company’s stock worth $924,000 after buying an additional 187 shares in the last quarter. Planning Directions Inc. acquired a new stake in United States Oil Fund during the first quarter worth $458,000. Finally, XTX Topco Ltd acquired a new stake in United States Oil Fund during the first quarter worth $305,000. Institutional investors and hedge funds own 67.47% of the company’s stock.

United States Oil Fund Price Performance

USO opened at $75.05 on Wednesday. United States Oil Fund LP has a fifty-two week low of $60.67 and a fifty-two week high of $84.58. The firm’s fifty day moving average price is $74.83 and its two-hundred day moving average price is $72.45. The company has a market capitalization of $902.10 million, a P/E ratio of 19.22 and a beta of 0.93.

United States Oil Fund 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.