Daiwa Securities Group Inc. Increases Stock Holdings in United States Oil Fund LP (NYSEARCA:USO)

Daiwa Securities Group Inc. boosted its position in shares of United States Oil Fund LP (NYSEARCA:USO) by 18.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,800 shares of the company’s stock after acquiring an additional 4,000 shares during the quarter. Daiwa Securities Group Inc. owned 0.13% of United States Oil Fund worth $1,720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of USO. Investment Research & Advisory Group Inc. acquired a new stake in United States Oil Fund in the 3rd quarter valued at about $40,000. Versant Capital Management Inc acquired a new stake in United States Oil Fund in the 4th quarter valued at about $40,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in United States Oil Fund in the 3rd quarter valued at about $57,000. Selway Asset Management acquired a new stake in United States Oil Fund in the 3rd quarter valued at about $57,000. Finally, Headlands Technologies LLC acquired a new stake in United States Oil Fund in the 3rd quarter valued at about $70,000.

United States Oil Fund Price Performance

USO stock opened at $78.78 on Tuesday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 24.70 and a beta of 0.19. The business’s 50-day moving average is $76.76 and its two-hundred day moving average is $73.10. United States Oil Fund LP has a 1 year low of $59.78 and a 1 year high of $83.41.

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.