Daiwa Securities Group Inc. Sells 5,400 Shares of United States Oil Fund LP (NYSEARCA:USO)

Daiwa Securities Group Inc. lowered its position in shares of United States Oil Fund LP (NYSEARCA:USO) by 18.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,500 shares of the company’s stock after selling 5,400 shares during the quarter. Daiwa Securities Group Inc.’s holdings in United States Oil Fund were worth $1,851,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FFG Partners LLC grew its position in shares of United States Oil Fund by 2.2% in the 3rd quarter. FFG Partners LLC now owns 76,277 shares of the company’s stock worth $5,333,000 after buying an additional 1,640 shares during the last quarter. Clearline Capital LP purchased a new stake in United States Oil Fund in the third quarter worth $5,323,000. Savoie Capital LLC bought a new stake in United States Oil Fund in the third quarter valued at $3,699,000. Harvest Fund Management Co. Ltd boosted its holdings in United States Oil Fund by 15.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 44,452 shares of the company’s stock valued at $3,108,000 after acquiring an additional 5,825 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position 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 during the period.

United States Oil Fund Trading Up 0.9 %

NYSEARCA:USO opened at $72.28 on Friday. The company has a 50-day moving average price of $76.85 and a 200-day moving average price of $74.18. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 22.43 and a beta of 0.62. United States Oil Fund LP has a 12 month low of $66.02 and a 12 month high of $84.58.

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.