Lido Advisors LLC Sells 43,607 Shares of United States Oil Fund LP $USO

Lido Advisors LLC cut its position in United States Oil Fund LP (NYSEARCA:USO) by 78.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,001 shares of the company’s stock after selling 43,607 shares during the period. Lido Advisors LLC’s holdings in United States Oil Fund were worth $1,527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new position in United States Oil Fund during the 1st quarter worth approximately $57,000. Raymond James Financial Inc. acquired a new stake in United States Oil Fund in the second quarter valued at approximately $38,000. PNC Financial Services Group Inc. acquired a new stake in United States Oil Fund in the fourth quarter valued at approximately $48,000. Advisory Services Network LLC bought a new stake in shares of United States Oil Fund during the third quarter valued at approximately $57,000. Finally, Fifth Third Bancorp increased its holdings in shares of United States Oil Fund by 11.6% during the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock valued at $142,000 after acquiring an additional 116 shares in the last quarter. 67.47% of the stock is owned by institutional investors.

United States Oil Fund Stock Down 8.7%

Shares of NYSEARCA:USO opened at $124.76 on Tuesday. United States Oil Fund LP has a twelve month low of $65.99 and a twelve month high of $154.08. The stock’s 50 day moving average is $123.42 and its 200-day moving average is $111.40. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 19.22 and a beta of -0.01.

Key United States Oil Fund News

Here are the key news stories impacting United States Oil Fund this week:

• Neutral Sentiment: WTI bounced from its 50-day exponential moving average after missile strikes paused, suggesting near-term technical support, although the broader market remains focused on whether the ceasefire holds. Crude Oil Price Analysis – WTI Bounces Off 50-Day EMA as Strikes Pause
• Neutral Sentiment: Investors are awaiting the August 2 OPEC+ meeting, while Middle East tensions, Strait of Hormuz shipping and LNG demand could continue to create volatility in crude prices. Natural Gas and Oil Forecast: OPEC+ Meeting Looms; Can WTI Hold Above $83?
• Positive Sentiment: Energy commodities were among the strongest-performing non-leveraged ETF exposures last week, highlighting continued investor interest in commodity inflation hedges. However, this backdrop was overtaken by the latest decline in crude prices. Top-Performing ETFs of the Week: Options, Crypto Miners, & Energy
• Negative Sentiment: The pause in U.S.-Iran fighting increased hopes for diplomacy, safer tanker transit and the resumption of shipping through the Strait of Hormuz. Those developments reduced fears of an immediate supply shock and pushed Brent below $90 per barrel. Oil prices dip over 6% after US, Iran pause fighting over weekend
• Negative Sentiment: Reports that supply-disruption concerns were easing triggered additional selling in oil futures, directly pressuring USO’s underlying holdings. Oil slips more than 5% after US pauses strikes on Iran

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.