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. 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.
Basic Details
Issuer US Commodity Funds
Fund NameUnited States Oil Fund LP
Tax ClassificationPartnership
SymbolNYSEARCA:USO
Inception Date4/10/2006
Fund ManagerRay W. Allen
Phone+1-510-5229600
Fund Focus
Asset ClassCommodities
BenchmarkWTI Light Sweet Crude Oil USD
CategoryEnergy
FocusCrude Oil
Development LevelBlended Development
RegionGlobal
Fund Statistics
Assets Under Management$1.87 billion
Average Daily Volume$17.91 million
Discount/Premium-0.96%
ETF Expenses
Management Fee0.45%
Other Expenses-0.66%
Total Expenses-0.21%
Fee Waiver0.00%
Net Expenses-0.21%
Administrator, Advisor and Custodian
AdministratorBrown Brothers Harriman & Co.
Advisor
CustodianBrown Brothers Harriman & Co.
Distributor
Transfer AgentBrown Brothers Harriman & Co.
Trustee
Lead Market MakerVirtu Financial
United States Oil Fund (NYSEARCA:USO) Frequently Asked Questions
What is United States Oil Fund's stock symbol?
United States Oil Fund trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "USO."
Are investors shorting United States Oil Fund?
United States Oil Fund saw a decrease in short interest during the month of May. As of May 31st, there was short interest totalling 48,142,731 shares, a decrease of 18.6% from the May 15th total of 59,109,944 shares. Based on an average daily trading volume, of 20,276,371 shares, the days-to-cover ratio is currently 2.4 days.
Who are United States Oil Fund's key executives?
United States Oil Fund's management team includes the folowing people:
- Nicholas Daniel Gerber, Chairman of the Board, Vice President of General Partner (Age 54)
- John P. Love, Management Director, President and Chief Executive Officer of General Partner (Age 45)
- Stuart P. Crumbaugh, Chief Financial Officer, Treasurer, Secretary of General Partner (Age 53)
- Andrew F. Ngim, Chief Operating Officer, Management Director and Portfolio Manager of General Partner (Age 56)
- Carolyn M. Yu, Chief Compliance Officer, General Counsel of General Partner (Age 58)
- Melinda D. Gerber, Management Director of General Partner (Age 49)
- Robert Long Nguyen, Management Director of General Partner (Age 57)
- Ray W. Allen, Portfolio Manager of General Partner (Age 60)
- Gordon Lloyd Ellis, Independent Director of General Partner (Age 70)
- Malcolm R. Fobes III, Independent Director of General Partner (Age 52)
Has United States Oil Fund been receiving favorable news coverage?
Media headlines about USO stock have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. United States Oil Fund earned a media sentiment score of 0.09 on Accern's scale. They also assigned news headlines about the company an impact score of 46.07 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are United States Oil Fund's major shareholders?
United States Oil Fund's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Natixis (2.83%), Commerzbank Aktiengesellschaft FI (1.22%), LPL Financial LLC (0.71%), UBS Group AG (0.49%), Allianz Asset Management GmbH (0.24%) and Allianz Asset Management GmbH (0.24%). View Institutional Ownership Trends for United States Oil Fund.
Which institutional investors are selling United States Oil Fund stock?
USO stock was sold by a variety of institutional investors in the last quarter, including LPL Financial LLC, Lincoln National Corp, Ladenburg Thalmann Financial Services Inc., Cetera Advisors LLC, Cambridge Investment Research Advisors Inc., Bank of The West, Stratos Wealth Partners LTD. and Northern Trust Corp. View Insider Buying and Selling for United States Oil Fund.
Which institutional investors are buying United States Oil Fund stock?
USO stock was acquired by a variety of institutional investors in the last quarter, including Natixis, UBS Group AG, Commerzbank Aktiengesellschaft FI, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Summit Trail Advisors LLC, Toronto Dominion Bank and Nomura Asset Management Co. Ltd.. View Insider Buying and Selling for United States Oil Fund.
How do I buy shares of United States Oil Fund?
Shares of USO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is United States Oil Fund's stock price today?
One share of USO stock can currently be purchased for approximately $13.11.
How big of a company is United States Oil Fund?
United States Oil Fund has a market capitalization of $1.85 billion.
How can I contact United States Oil Fund?
United States Oil Fund's mailing address is 1999 Harrison St Ste 1530, OAKLAND, CA 94612-4730, United States. The company can be reached via phone at +1-510-5229600.
MarketBeat Community Rating for United States Oil Fund (USO)
MarketBeat's community ratings are surveys of what our community members think about United States Oil Fund and other stocks. Vote "Outperform" if you believe USO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe USO will underperform the S&P 500 over the long term. You may vote once every thirty days.
