Traders Purchase Large Volume of United States Oil Fund Put Options (NYSEARCA:USO)

United States Oil Fund LP (NYSEARCA:USO) was the recipient of unusually large options trading activity on Friday. Traders acquired 64,250 put options on the stock. This represents an increase of 45% compared to the typical daily volume of 44,241 put options.

United States Oil Fund Stock Up 0.8%

Shares of USO traded up $0.55 during mid-day trading on Friday, reaching $71.94. The company’s stock had a trading volume of 3,516,608 shares, compared to its average volume of 5,454,193. The company has a market cap of $943.87 million, a price-to-earnings ratio of 19.22 and a beta of 0.40. The business has a fifty day moving average of $71.25 and a 200 day moving average of $73.22. United States Oil Fund has a 1 year low of $60.67 and a 1 year high of $84.58.

Hedge Funds Weigh In On United States Oil Fund

A number of large investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its holdings in shares of 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 purchasing an additional 187 shares during the period. Global Retirement Partners LLC lifted its position in United States Oil Fund by 22.8% in the 3rd quarter. Global Retirement Partners LLC now owns 1,132 shares of the company’s stock worth $83,000 after buying an additional 210 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of United States Oil Fund by 37.1% during the 2nd quarter. Harbour Investments Inc. now owns 831 shares of the company’s stock valued at $61,000 after acquiring an additional 225 shares in the last quarter. Clear Investment Research LLC increased its stake in shares of United States Oil Fund by 14.1% in the third quarter. Clear Investment Research LLC now owns 1,992 shares of the company’s stock worth $147,000 after acquiring an additional 246 shares during the last quarter. Finally, Scotia Capital Inc. raised its holdings in shares of United States Oil Fund by 6.5% during the third quarter. Scotia Capital Inc. now owns 4,562 shares of the company’s stock worth $336,000 after acquiring an additional 278 shares in the last quarter. Institutional investors and hedge funds own 67.47% of the company’s stock.

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.