Flow Traders U.S. LLC Sells 122,774 Shares of United States Oil Fund LP (NYSEARCA:USO)

Flow Traders U.S. LLC trimmed its stake in shares of United States Oil Fund LP (NYSEARCA:USO) by 57.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,342 shares of the company’s stock after selling 122,774 shares during the quarter. Flow Traders U.S. LLC’s holdings in United States Oil Fund were worth $6,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in USO. CENTRAL TRUST Co bought a new stake in United States Oil Fund during the third quarter valued at $104,000. Clear Investment Research LLC lifted its stake in shares of United States Oil Fund by 44.3% in the 2nd quarter. Clear Investment Research LLC now owns 1,589 shares of the company’s stock valued at $126,000 after purchasing an additional 488 shares during the period. SG Americas Securities LLC boosted its position in shares of United States Oil Fund by 47.6% during the 3rd quarter. SG Americas Securities LLC now owns 2,548 shares of the company’s stock valued at $178,000 after purchasing an additional 822 shares in the last quarter. CWM LLC grew its stake in United States Oil Fund by 134.2% during the third quarter. CWM LLC now owns 2,558 shares of the company’s stock worth $179,000 after purchasing an additional 1,466 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in United States Oil Fund in the third quarter worth approximately $235,000.

United States Oil Fund Stock Performance

Shares of USO opened at $71.63 on Friday. The firm has a market cap of $1.24 billion, a PE ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a 52-week low of $63.84 and a 52-week high of $83.41. The business’s 50 day moving average price is $72.92 and its two-hundred day moving average price is $74.83.

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.