United States Oil Fund (NYSEARCA:USO) Shares Cross Above 50-Day Moving Average of $77.58

United States Oil Fund LP (NYSEARCA:USO) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $77.58 and traded as high as $77.78. United States Oil Fund shares last traded at $77.49, with a volume of 1,823,462 shares trading hands.

United States Oil Fund Stock Performance

The company has a market capitalization of $1.32 billion, a P/E ratio of 22.97 and a beta of 0.10. The firm’s fifty day moving average is $77.57 and its 200 day moving average is $75.84.

Institutional Trading of United States Oil Fund

A number of institutional investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC boosted its holdings in shares of United States Oil Fund by 12.6% in the 1st quarter. Flow Traders U.S. LLC now owns 452,504 shares of the company’s stock valued at $35,626,000 after acquiring an additional 50,461 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of United States Oil Fund by 8,512.4% during the 4th quarter. International Assets Investment Management LLC now owns 222,544 shares of the company’s stock valued at $14,833,000 after buying an additional 219,960 shares during the last quarter. Parkwood LLC lifted its holdings in shares of United States Oil Fund by 644.4% in the 4th quarter. Parkwood LLC now owns 150,473 shares of the company’s stock valued at $10,029,000 after buying an additional 130,258 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of United States Oil Fund in the fourth quarter worth about $9,319,000. Finally, Wellington Management Group LLP acquired a new stake in United States Oil Fund during the fourth quarter worth about $9,238,000.

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.