Clearline Capital LP Acquires Shares of 76,136 United States Oil Fund LP (NYSEARCA:USO)

Clearline Capital LP bought a new position in United States Oil Fund LP (NYSEARCA:USO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 76,136 shares of the company’s stock, valued at approximately $5,323,000. Clearline Capital LP owned approximately 0.44% of United States Oil Fund at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TOMS Capital Investment Management LP purchased a new stake in shares of United States Oil Fund during the third quarter valued at approximately $2,328,000. Encompass More Asset Management purchased a new stake in shares of United States Oil Fund during the 3rd quarter valued at $882,000. Rockefeller Capital Management L.P. raised its stake in shares of United States Oil Fund by 32.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,887 shares of the company’s stock worth $1,111,000 after purchasing an additional 3,918 shares during the period. Bank of Montreal Can boosted its holdings in shares of United States Oil Fund by 258.1% in the 3rd quarter. Bank of Montreal Can now owns 31,153 shares of the company’s stock worth $2,189,000 after buying an additional 22,454 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its position in United States Oil Fund by 15.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 44,452 shares of the company’s stock valued at $3,108,000 after buying an additional 5,825 shares during the period.

United States Oil Fund Stock Performance

NYSEARCA USO opened at $71.61 on Monday. The company has a market capitalization of $1.24 billion, a PE ratio of 22.97 and a beta of 0.10. United States Oil Fund LP has a 52-week low of $63.84 and a 52-week high of $83.41. The company has a 50-day simple moving average of $72.89 and a 200 day simple moving average of $74.79.

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.