Investors Purchase High Volume of Put Options on United States Oil Fund (NYSEARCA:USO)

United States Oil Fund LP (NYSEARCA:USO) was the target of some unusual options trading on Monday. Stock traders acquired 60,162 put options on the stock. This represents an increase of approximately 71% compared to the average volume of 35,186 put options.

Institutional Investors Weigh In On United States Oil Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC acquired a new stake in United States Oil Fund during the fourth quarter worth $44,000. CWM LLC boosted its holdings in United States Oil Fund by 45.9% in the fourth quarter. CWM LLC now owns 1,192 shares of the company’s stock valued at $79,000 after purchasing an additional 375 shares during the period. St. Johns Investment Management Company LLC purchased a new position in United States Oil Fund in the first quarter valued at $110,000. Clear Investment Research LLC boosted its holdings in United States Oil Fund by 44.3% in the second quarter. Clear Investment Research LLC now owns 1,589 shares of the company’s stock valued at $126,000 after purchasing an additional 488 shares during the period. Finally, Principal Securities Inc. purchased a new stake in United States Oil Fund during the 4th quarter worth about $107,000.

United States Oil Fund Stock Down 2.5 %

Shares of NYSEARCA USO traded down $1.88 during midday trading on Monday, hitting $74.44. The stock had a trading volume of 4,324,588 shares, compared to its average volume of 3,647,822. The company has a market capitalization of $1.29 billion, a PE ratio of 22.97 and a beta of 0.10. The stock has a 50 day simple moving average of $77.91 and a 200-day simple moving average of $76.59. United States Oil Fund has a 1 year low of $63.84 and a 1 year high of $83.41.

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.