Westside Investment Management Inc. grew its position in shares of United States Oil Fund LP (NYSE:USO) by 1,675.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,750 shares of the exchange traded fund’s stock after purchasing an additional 16,750 shares during the period. Westside Investment Management Inc.’s holdings in United States Oil Fund were worth $162,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI lifted its stake in United States Oil Fund by 64.7% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,691,042 shares of the exchange traded fund’s stock worth $25,565,000 after purchasing an additional 1,057,112 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of United States Oil Fund by 25.2% in the second quarter. Private Advisor Group LLC now owns 91,901 shares of the exchange traded fund’s stock valued at $839,000 after acquiring an additional 18,501 shares in the last quarter. City Financial Investment Co Ltd acquired a new stake in shares of United States Oil Fund in the second quarter valued at $2,666,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of United States Oil Fund in the second quarter valued at $85,220,000. Finally, ING Groep NV raised its stake in shares of United States Oil Fund by 57.2% in the second quarter. ING Groep NV now owns 86,795 shares of the exchange traded fund’s stock valued at $825,000 after acquiring an additional 31,595 shares in the last quarter.

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Shares of United States Oil Fund LP (USO) traded down 2.73% during mid-day trading on Friday, hitting $9.97. The stock had a trading volume of 23,509,646 shares. The company’s 50 day moving average price is $10.01 and its 200 day moving average price is $9.95. United States Oil Fund LP has a 12-month low of $8.65 and a 12-month high of $12.00.

United States Oil Fund Company 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.

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

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