Irenic Capital Management LP bought a new position in shares of United States Oil Fund LP (NYSEARCA:USO – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 38,500 shares of the company’s stock, valued at approximately $4,098,000.
Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC lifted its position 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. JPMorgan Chase & Co. grew its holdings in United States Oil Fund by 65.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 66,225 shares of the company’s stock valued at $4,842,000 after buying an additional 26,102 shares in the last quarter. Cresset Asset Management LLC grew its holdings in United States Oil Fund by 4.1% in the 2nd quarter. Cresset Asset Management LLC now owns 7,736 shares of the company’s stock valued at $566,000 after buying an additional 303 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of United States Oil Fund in the 2nd quarter worth $38,000. Finally, PDT Partners LLC acquired a new stake in shares of United States Oil Fund in the 2nd quarter worth $336,000. 67.47% of the stock is currently owned by hedge funds and other institutional investors.
United States Oil Fund Stock Down 0.1%
NYSEARCA USO opened at $141.96 on Friday. United States Oil Fund LP has a 52 week low of $65.99 and a 52 week high of $154.08. The business’s fifty day simple moving average is $123.85 and its 200-day simple moving average is $122.13. The firm has a market cap of $2.22 billion, a PE ratio of 19.22 and a beta of -0.02.
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.
See Also
- Five stocks we like better than United States Oil Fund
- Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
- Is Duolingo the Next Netflix-Style Comeback Story?
- GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
- GTA VI’s Console Problem Isn’t Take-Two’s Problem
Want to see what other hedge funds are holding USO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Oil Fund LP (NYSEARCA:USO – Free Report).
Receive News & Ratings for United States Oil Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Oil Fund and related companies with MarketBeat.com's FREE daily email newsletter.
