Doliver Advisors LP Buys New Stake in United States Oil Fund LP (NYSEARCA:USO)

Doliver Advisors LP purchased a new stake in United States Oil Fund LP (NYSEARCA:USO) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,750 shares of the company’s stock, valued at approximately $448,000.

Other large investors also recently bought and sold shares of the company. Natixis acquired a new stake in United States Oil Fund during the 4th quarter worth $37,792,000. Bank of Nova Scotia purchased a new position in shares of United States Oil Fund during the 4th quarter worth approximately $35,055,000. Sumitomo Mitsui Financial Group Inc. raised its stake in shares of United States Oil Fund by 34.0% during the 4th quarter. Sumitomo Mitsui Financial Group Inc. now owns 847,400 shares of the company’s stock worth $59,411,000 after buying an additional 215,000 shares in the last quarter. Weiss Multi Strategy Advisers LLC lifted its holdings in shares of United States Oil Fund by 646.7% in the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 112,000 shares of the company’s stock valued at $8,301,000 after buying an additional 97,000 shares during the period. Finally, Bramshill Investments LLC purchased a new stake in shares of United States Oil Fund in the first quarter valued at approximately $6,226,000.

United States Oil Fund Trading Up 0.9 %

NYSEARCA:USO traded up $0.71 during trading hours on Tuesday, hitting $77.63. The company’s stock had a trading volume of 3,646,938 shares, compared to its average volume of 3,380,669. United States Oil Fund LP has a 52-week low of $57.83 and a 52-week high of $78.78. The business’s 50-day moving average is $70.22 and its two-hundred day moving average is $67.01.

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.