Short Interest Alert: United States Oil Fund LP (NYSEARCA:USO) Has Decline in Shorts

November 30, 2016 - By Darrin Black   ·   0 Comments

Short Interest Alert: United States Oil Fund LP (NYSEARCA:USO) Has Decline in Shorts

The stock of United States Oil Fund LP (NYSEARCA:USO) registered a decrease of 2.67% in short interest. USO’s total short interest was 51.69 million shares in November as published by FINRA. Its down 2.67% from 53.11M shares, reported previously. With 41.96 million shares average volume, it will take short sellers 1 days to cover their USO’s short positions. The ETF decreased 3.64% or $0.38 during the last trading session, hitting $10.06. United States Oil Fund LP (ETF) (NYSEARCA:USO) has declined 9.69% since April 27, 2016 and is downtrending. It has underperformed by 14.92% the S&P500.

United States Oil Fund, LP is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc. (the NYSE Arca). The ETF has a market cap of $3.39 billion. 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. It currently has negative earnings. United States Commodity Funds LLC (USCF) is the general partner of USO and is responsible for the management of USO.

USO Company Profile

United States Oil Fund, LP (USO), incorporated on May 12, 2005, 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 (the NYMEX), 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. United States Commodity Funds LLC (USCF) is the general partner of USO and is responsible for the management of USO. USCF is a single member limited liability company. USCF is a subsidiary of Wainwright Holdings, Inc. (Wainwright).

More notable recent United States Oil Fund LP (ETF) (NYSEARCA:USO) news were published by: Etfdailynews.com which released: “Goldman Sachs Is Suddenly Bullish On Oil Again” on November 28, 2016, also Etfdailynews.com with their article: “Oil Plunges Once Again As OPEC Deal Hopes Fade” published on November 14, 2016, Investorplace.com published: “United States Oil Fund LP (ETF) (USO): Let Oil Pay You” on July 06, 2016. More interesting news about United States Oil Fund LP (ETF) (NYSEARCA:USO) were released by: Etfdailynews.com and their article: “Oil Plunges 4% As OPEC Deal Falls Apart” published on November 29, 2016 as well as Etfdailynews.com‘s news article titled: “OPEC’s Production Cap Deal Could Be Inked Today” with publication date: November 22, 2016.

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By Darrin Black

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