United States Oil Fund LP (NYSEARCA:USO) Shares Sold by Global Endowment Management LP

Global Endowment Management LP reduced its stake in shares of United States Oil Fund LP (NYSEARCA:USO) by 86.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,500 shares of the company’s stock after selling 23,000 shares during the period. Global Endowment Management LP’s holdings in United States Oil Fund were worth $264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jump Financial LLC acquired a new stake in United States Oil Fund in the fourth quarter valued at approximately $10,399,000. Barclays PLC grew its holdings in United States Oil Fund by 53.9% during the 4th quarter. Barclays PLC now owns 177,860 shares of the company’s stock valued at $13,438,000 after purchasing an additional 62,292 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in United States Oil Fund by 279,273.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,906 shares of the company’s stock valued at $2,930,000 after purchasing an additional 41,891 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in United States Oil Fund by 75.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 77,836 shares of the company’s stock worth $5,878,000 after buying an additional 33,384 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in United States Oil Fund by 113.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 33,877 shares of the company’s stock worth $2,559,000 after buying an additional 17,990 shares in the last quarter.

United States Oil Fund Price Performance

NYSEARCA:USO opened at $67.75 on Thursday. United States Oil Fund LP has a 1-year low of $60.67 and a 1-year high of $84.58. The stock has a market cap of $909.21 million, a P/E ratio of 23.33 and a beta of 0.06. The firm has a 50-day moving average of $72.71 and a two-hundred day moving average of $74.06.

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.