Harvest Fund Management Co. Ltd Has $3.11 Million Position in United States Oil Fund LP (NYSEARCA:USO)

Harvest Fund Management Co. Ltd raised its position in United States Oil Fund LP (NYSEARCA:USO) by 15.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,452 shares of the company’s stock after purchasing an additional 5,825 shares during the quarter. Harvest Fund Management Co. Ltd owned 0.26% of United States Oil Fund worth $3,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in USO. CENTRAL TRUST Co acquired a new stake in United States Oil Fund during the 3rd quarter worth approximately $104,000. Clear Investment Research LLC lifted its holdings in shares of United States Oil Fund by 44.3% during the second quarter. Clear Investment Research LLC now owns 1,589 shares of the company’s stock worth $126,000 after purchasing an additional 488 shares during the period. SG Americas Securities LLC grew its stake in shares of United States Oil Fund by 47.6% in the third quarter. SG Americas Securities LLC now owns 2,548 shares of the company’s stock worth $178,000 after purchasing an additional 822 shares during the last quarter. CWM LLC increased its holdings in United States Oil Fund by 134.2% in the third quarter. CWM LLC now owns 2,558 shares of the company’s stock valued at $179,000 after purchasing an additional 1,466 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in United States Oil Fund during the 3rd quarter worth $235,000.

United States Oil Fund Trading Up 1.4 %

Shares of USO opened at $74.25 on Monday. The stock’s 50-day moving average price is $72.90 and its two-hundred day moving average price is $74.93. United States Oil Fund LP has a 12 month low of $63.84 and a 12 month high of $83.41. The company has a market capitalization of $1.29 billion, a PE ratio of 22.97 and a beta of 0.10.

United States Oil Fund Company 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.