United States Oil Fund LP (NYSE:USO) Short Interest Update

United States Oil Fund LP (NYSE:USO) saw a large growth in short interest in the month of July. As of July 14th, there was short interest totalling 60,790,204 shares, a growth of 23.3% from the June 30th total of 49,297,223 shares. Based on an average daily volume of 34,392,321 shares, the days-to-cover ratio is currently 1.8 days.

A number of institutional investors have recently added to or reduced their stakes in USO. Clal Insurance Enterprises Holdings Ltd acquired a new position in United States Oil Fund during the second quarter worth $85,220,000. Commerzbank Aktiengesellschaft FI boosted its position in United States Oil Fund by 64.7% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,691,042 shares of the exchange traded fund’s stock worth $25,565,000 after buying an additional 1,057,112 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in United States Oil Fund during the second quarter worth $15,019,000. Daiwa Securities Group Inc. boosted its position in shares of United States Oil Fund by 4,361.0% in the second quarter. Daiwa Securities Group Inc. now owns 914,500 shares of the exchange traded fund’s stock worth $8,687,000 after buying an additional 894,000 shares during the last quarter. Finally, Virtu KCG Holdings LLC boosted its position in shares of United States Oil Fund by 325.9% in the second quarter. Virtu KCG Holdings LLC now owns 632,634 shares of the exchange traded fund’s stock worth $6,010,000 after buying an additional 484,108 shares during the last quarter.

Shares of United States Oil Fund (NYSE USO) opened at 9.99 on Friday. United States Oil Fund has a 52 week low of $8.65 and a 52 week high of $12.00. The company’s 50-day moving average price is $9.62 and its 200 day moving average price is $10.28.

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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.

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