United States Oil Fund (NYSEARCA:USO) Sets New 52-Week High at $51.48

United States Oil Fund LP (NYSEARCA:USO)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $51.48 and last traded at $51.41, with a volume of 105281 shares changing hands. The stock had previously closed at $50.48.

The stock has a 50 day moving average of $48.39 and a 200-day moving average of $46.31.

A number of hedge funds have recently bought and sold shares of the business. Tarbox Family Office Inc. grew its holdings in United States Oil Fund by 2.7% during the 2nd quarter. Tarbox Family Office Inc. now owns 14,375 shares of the company’s stock valued at $717,000 after buying an additional 375 shares in the last quarter. Stockman Wealth Management Inc. grew its holdings in United States Oil Fund by 0.5% during the 2nd quarter. Stockman Wealth Management Inc. now owns 70,879 shares of the company’s stock valued at $3,535,000 after buying an additional 375 shares in the last quarter. US Bancorp DE grew its holdings in United States Oil Fund by 72.2% during the 1st quarter. US Bancorp DE now owns 1,045 shares of the company’s stock valued at $42,000 after buying an additional 438 shares in the last quarter. Crewe Advisors LLC purchased a new position in United States Oil Fund during the 2nd quarter valued at about $29,000. Finally, Fifth Third Bancorp grew its holdings in United States Oil Fund by 9.8% during the 2nd quarter. Fifth Third Bancorp now owns 7,546 shares of the company’s stock valued at $376,000 after buying an additional 673 shares in the last quarter.

About United States Oil Fund (NYSEARCA:USO)

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.

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