Kaizen Financial Strategies Sells 9,024 Shares of United States Oil Fund LP $USO

Kaizen Financial Strategies decreased its stake in United States Oil Fund LP (NYSEARCA:USO) by 54.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,648 shares of the company’s stock after selling 9,024 shares during the quarter. Kaizen Financial Strategies owned approximately 0.06% of United States Oil Fund worth $559,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of United States Oil Fund by 1.6% during the 1st quarter. NewEdge Advisors LLC now owns 11,948 shares of the company’s stock worth $924,000 after purchasing an additional 187 shares in the last quarter. Harbour Investments Inc. grew its stake in United States Oil Fund by 37.1% during the second quarter. Harbour Investments Inc. now owns 831 shares of the company’s stock worth $61,000 after buying an additional 225 shares during the last quarter. Farther Finance Advisors LLC grew its stake in United States Oil Fund by 1,428.6% during the second quarter. Farther Finance Advisors LLC now owns 642 shares of the company’s stock worth $47,000 after buying an additional 600 shares during the last quarter. CENTRAL TRUST Co increased its holdings in shares of United States Oil Fund by 55.7% during the second quarter. CENTRAL TRUST Co now owns 2,459 shares of the company’s stock worth $180,000 after buying an additional 880 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of United States Oil Fund by 6,875.0% in the first 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. 67.47% of the stock is owned by institutional investors.

United States Oil Fund Price Performance

NYSEARCA USO opened at $69.79 on Thursday. The stock’s 50 day simple moving average is $72.45 and its 200 day simple moving average is $72.76. United States Oil Fund LP has a one year low of $60.67 and a one year high of $84.58. The firm has a market cap of $915.64 million, a PE ratio of 19.22 and a beta of 0.40.

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.