United States Oil Fund (NYSEARCA:USO) Shares Gap Down – What’s Next?

United States Oil Fund LP (NYSEARCA:USO)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $82.52, but opened at $80.62. United States Oil Fund shares last traded at $81.05, with a volume of 1,218,702 shares traded.

United States Oil Fund Stock Down 1.8 %

The firm has a market capitalization of $1.40 billion, a P/E ratio of 22.97 and a beta of 0.10. The company has a fifty day simple moving average of $74.54 and a 200 day simple moving average of $74.47.

Institutional Trading of United States Oil Fund

Several institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of United States Oil Fund in the third quarter worth approximately $31,000. St. Johns Investment Management Company LLC bought a new stake in United States Oil Fund in the 4th quarter worth approximately $97,000. CENTRAL TRUST Co purchased a new stake in United States Oil Fund during the 3rd quarter valued at $104,000. SG Americas Securities LLC lifted its holdings 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 buying an additional 822 shares during the period. Finally, CWM LLC boosted its stake in shares of United States Oil Fund by 134.2% in the 3rd quarter. CWM LLC now owns 2,558 shares of the company’s stock worth $179,000 after buying an additional 1,466 shares during the last quarter.

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.