TOMS Capital Investment Management LP Takes $2.33 Million Position in United States Oil Fund LP (NYSEARCA:USO)

TOMS Capital Investment Management LP acquired a new stake in United States Oil Fund LP (NYSEARCA:USO) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 33,300 shares of the company’s stock, valued at approximately $2,328,000. United States Oil Fund comprises 0.1% of TOMS Capital Investment Management LP’s holdings, making the stock its 16th biggest position. TOMS Capital Investment Management LP owned approximately 0.19% of United States Oil Fund at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in USO. Victory Capital Management Inc. acquired a new stake in shares of United States Oil Fund in the second quarter valued at about $28,422,000. International Assets Investment Management LLC raised its holdings in United States Oil Fund by 2,024.3% during the 3rd quarter. International Assets Investment Management LLC now owns 147,531 shares of the company’s stock worth $10,315,000 after purchasing an additional 140,586 shares during the last quarter. Toronto Dominion Bank bought a new position in United States Oil Fund during the 2nd quarter worth approximately $2,867,000. Cetera Investment Advisers acquired a new position in shares of United States Oil Fund in the 1st quarter worth approximately $2,491,000. Finally, Bank of Montreal Can boosted its stake in shares of United States Oil Fund by 258.1% in the 3rd quarter. Bank of Montreal Can now owns 31,153 shares of the company’s stock valued at $2,189,000 after purchasing an additional 22,454 shares during the last quarter.

United States Oil Fund Stock Down 0.2 %

Shares of NYSEARCA USO opened at $71.61 on Monday. The company has a market capitalization of $1.24 billion, a PE ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a twelve month low of $63.84 and a twelve month high of $83.41. The firm has a fifty day simple moving average of $72.89 and a 200 day simple moving average of $74.79.

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.