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

United States Oil Fund LP (NYSEARCA:USO)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $77.82, but opened at $75.70. United States Oil Fund shares last traded at $77.95, with a volume of 2,538,465 shares trading hands.

United States Oil Fund Stock Down 0.2 %

The stock has a market cap of $1.35 billion, a PE ratio of 22.97 and a beta of 0.10. The firm has a fifty day moving average of $75.94 and a 200 day moving average of $74.37.

Institutional Investors Weigh In On United States Oil Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in United States Oil Fund during the 3rd quarter worth $31,000. IFP Advisors Inc raised its holdings in shares of United States Oil Fund by 35.4% in the fourth quarter. IFP Advisors Inc now owns 765 shares of the company’s stock valued at $58,000 after buying an additional 200 shares during the last quarter. St. Johns Investment Management Company LLC acquired a new stake in shares of United States Oil Fund during the fourth quarter worth about $97,000. CENTRAL TRUST Co purchased a new position in shares of United States Oil Fund during the third quarter worth about $104,000. Finally, SG Americas Securities LLC increased its position in United States Oil Fund by 47.6% in the 3rd quarter. SG Americas Securities LLC now owns 2,548 shares of the company’s stock valued at $178,000 after acquiring an additional 822 shares during the period.

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.