Traders Buy High Volume of Call Options on United States Oil Fund (NYSEARCA:USO)

United States Oil Fund LP (NYSEARCA:USO) was the target of some unusual options trading activity on Wednesday. Investors bought 52,736 call options on the stock. This represents an increase of 54% compared to the average daily volume of 34,224 call options.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. raised its position in shares of United States Oil Fund by 9.6% in the second quarter. Daiwa Securities Group Inc. now owns 28,500 shares of the company’s stock worth $2,268,000 after acquiring an additional 2,500 shares during the period. Victory Capital Management Inc. purchased a new position in United States Oil Fund during the second quarter worth approximately $28,422,000. Founders Financial Securities LLC grew its holdings in United States Oil Fund by 7.2% in the second quarter. Founders Financial Securities LLC now owns 5,193 shares of the company’s stock valued at $413,000 after purchasing an additional 350 shares during the period. Cutter & CO Brokerage Inc. purchased a new stake in shares of United States Oil Fund in the second quarter valued at approximately $340,000. Finally, International Assets Investment Management LLC raised its stake in shares of United States Oil Fund by 14.8% during the 2nd quarter. International Assets Investment Management LLC now owns 6,945 shares of the company’s stock worth $553,000 after buying an additional 893 shares during the period.

United States Oil Fund Stock Performance

NYSEARCA USO traded up $2.20 on Wednesday, reaching $74.65. 4,027,656 shares of the company’s stock traded hands, compared to its average volume of 3,681,598. United States Oil Fund has a fifty-two week low of $63.84 and a fifty-two week high of $83.41. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 22.97 and a beta of 0.10. The stock has a 50 day moving average price of $77.41 and a 200-day moving average price of $76.29.

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.