United States Oil Fund Target of Unusually Large Options Trading (NYSEARCA:USO)

United States Oil Fund LP (NYSEARCA:USO) saw unusually large options trading activity on Tuesday. Stock traders purchased 117,720 call options on the stock. This is an increase of 157% compared to the average daily volume of 45,854 call options.

United States Oil Fund Trading Up 4.7%

United States Oil Fund stock opened at $82.30 on Wednesday. United States Oil Fund has a 12-month low of $60.67 and a 12-month high of $84.58. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 19.22 and a beta of 0.43. The firm has a 50 day moving average of $68.69 and a 200 day moving average of $72.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp bought a new position in shares of United States Oil Fund during the 4th quarter valued at approximately $25,000. Harbour Investments Inc. boosted its position in shares of United States Oil Fund by 30,200.0% during the 1st quarter. Harbour Investments Inc. now owns 606 shares of the company’s stock valued at $47,000 after acquiring an additional 604 shares during the last quarter. IFP Advisors Inc boosted its position in shares of United States Oil Fund by 35.4% during the 4th quarter. IFP Advisors Inc now owns 765 shares of the company’s stock valued at $58,000 after acquiring an additional 200 shares during the last quarter. National Bank of Canada FI boosted its position in shares of United States Oil Fund by 35.1% during the 4th quarter. National Bank of Canada FI now owns 770 shares of the company’s stock valued at $58,000 after acquiring an additional 200 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of United States Oil Fund by 6,875.0% during the 1st quarter. Headlands Technologies LLC now owns 1,116 shares of the company’s stock valued at $86,000 after acquiring an additional 1,100 shares during the last quarter.

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.