Harvest Fund Management Co. Ltd Buys 33,384 Shares of United States Oil Fund LP (NYSEARCA:USO)

Harvest Fund Management Co. Ltd lifted its stake in United States Oil Fund LP (NYSEARCA:USO) by 75.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,836 shares of the company’s stock after purchasing an additional 33,384 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in United States Oil Fund were worth $5,878,000 as of its most recent filing with the Securities & Exchange Commission.

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

United States Oil Fund Trading Down 0.7 %

USO stock opened at $72.21 on Wednesday. The stock has a market capitalization of $969.06 million, a PE ratio of 21.87 and a beta of 0.58. United States Oil Fund LP has a 12-month low of $66.02 and a 12-month high of $84.58. The stock’s 50 day simple moving average is $76.64 and its 200 day simple moving average is $74.11.

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.