Commerzbank Aktiengesellschaft FI lessened its stake in United States Oil (NYSEARCA:USO) by 58.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,104,810 shares of the company’s stock after selling 1,586,232 shares during the period. Commerzbank Aktiengesellschaft FI owned approximately 0.49% of United States Oil worth $11,523,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. National Asset Management Inc. purchased a new stake in shares of United States Oil in the 2nd quarter valued at $100,000. BSW Wealth Partners purchased a new stake in shares of United States Oil in the 3rd quarter valued at $116,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of United States Oil in the 2nd quarter valued at $137,000. BlueCrest Capital Management Ltd purchased a new stake in shares of United States Oil in the 2nd quarter valued at $140,000. Finally, Allegis Investment Advisors LLC boosted its stake in shares of United States Oil by 1.9% in the 2nd quarter. Allegis Investment Advisors LLC now owns 15,824 shares of the company’s stock valued at $150,000 after purchasing an additional 300 shares in the last quarter.

Shares of United States Oil (USO) traded up $0.20 during trading on Friday, hitting $11.67. 2,770,000 shares of the stock were exchanged. United States Oil has a 12 month low of $8.65 and a 12 month high of $12.00.

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United States Oil Profile

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.

Institutional Ownership by Quarter for United States Oil (NYSEARCA:USO)

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