Ascent Capital Management LLC Invests $248,000 in United States Oil Fund LP (NYSEARCA:USO)

Ascent Capital Management LLC acquired a new stake in shares of United States Oil Fund LP (NYSEARCA:USO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,278 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USO. IFP Advisors Inc grew its position in United States Oil Fund by 35.4% during the fourth quarter. IFP Advisors Inc now owns 765 shares of the company’s stock worth $58,000 after buying an additional 200 shares in the last quarter. Cavalier Investments LLC boosted its position in shares of United States Oil Fund by 3.5% during the 4th quarter. Cavalier Investments LLC now owns 12,022 shares of the company’s stock valued at $908,000 after acquiring an additional 405 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of United States Oil Fund during the 3rd quarter valued at about $31,000. US Bancorp DE grew its holdings in shares of United States Oil Fund by 55.8% during the fourth quarter. US Bancorp DE now owns 1,676 shares of the company’s stock worth $127,000 after purchasing an additional 600 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of United States Oil Fund by 6.3% in the fourth quarter. Truist Financial Corp now owns 10,842 shares of the company’s stock worth $819,000 after purchasing an additional 645 shares during the last quarter.

United States Oil Fund Price Performance

Shares of United States Oil Fund stock opened at $72.28 on Friday. United States Oil Fund LP has a 1 year low of $66.02 and a 1 year high of $84.58. The firm has a market cap of $970.00 million, a PE ratio of 21.87 and a beta of 0.58. The company has a 50 day simple moving average of $76.85 and a two-hundred day simple moving average of $74.16.

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.