Harvest Fund Management Co. Ltd Increases Holdings in United States Oil Fund LP (NYSEARCA:USO)

Harvest Fund Management Co. Ltd boosted its holdings in shares of United States Oil Fund LP (NYSEARCA:USO) by 75.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,836 shares of the company’s stock after purchasing an additional 33,384 shares during the period. Harvest Fund Management Co. Ltd owned about 0.45% of United States Oil Fund worth $5,878,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of USO. Wilmington Savings Fund Society FSB purchased a new position in shares of United States Oil Fund during the 3rd quarter worth approximately $31,000. IFP Advisors Inc grew its holdings in shares of United States Oil Fund by 35.4% during the 4th quarter. IFP Advisors Inc now owns 765 shares of the company’s stock worth $58,000 after acquiring an additional 200 shares during the period. St. Johns Investment Management Company LLC purchased a new position in shares of United States Oil Fund during the 4th quarter worth approximately $97,000. US Bancorp DE grew its holdings in shares of United States Oil Fund by 55.8% during the 4th quarter. US Bancorp DE now owns 1,676 shares of the company’s stock worth $127,000 after acquiring an additional 600 shares during the period. Finally, Foundations Investment Advisors LLC purchased a new position in shares of United States Oil Fund during the 4th quarter worth approximately $219,000.

United States Oil Fund Stock Down 0.7 %

Shares of USO opened at $72.21 on Wednesday. The business’s 50 day moving average price is $76.64 and its 200-day moving average price is $74.11. United States Oil Fund LP has a 52 week low of $66.02 and a 52 week high of $84.58. The stock has a market cap of $969.06 million, a P/E ratio of 21.87 and a beta of 0.58.

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.