United States Oil Fund LP (USO) Short Interest Up 46.2% in May

United States Oil Fund LP (NYSE:USO) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 58,840,201 shares, an increase of 46.2% from the May 15th total of 40,244,685 shares. Based on an average trading volume of 30,761,382 shares, the short-interest ratio is currently 1.9 days.

United States Oil Fund (NYSE:USO) opened at 9.24 on Friday. United States Oil Fund has a 12-month low of $9.16 and a 12-month high of $12.04. The stock has a 50 day moving average price of $9.90 and a 200 day moving average price of $10.79.

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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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