ETF Flows Summary: United States Oil Fund LP (ETF) Recorded $-112.53M Redemptions Because Of -3.33% AUM Decrease

ETF Flows Summary: United States Oil Fund LP (ETF) Recorded $ 112.53M Redemptions Because Of  3.33% AUM Decrease

Today were reported United States Oil Fund LP (ETF) (NYSEARCA:USO)‘s daily net flows. The ETF registered $-112.53M asset outflows for -3.33% decrease, reaching $3271.32M after yestarday’s trading session. The chart of United States Oil Fund LP (ETF) shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF decreased 1.56% or $0.18 on October 7, hitting $11.33. United States Oil Fund LP (ETF) (NYSEARCA:USO) has risen 12.07% since March 7, 2016 and is uptrending. It has outperformed by 4.47% the S&P500.

The ETF’s YTD performance is -0.64%, the 1 year is -25.54% and the 3 year is -33.31%.

United States Oil Fund LP (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. United States Oil Fund LP (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Future Contract On Wti Crude Future Nov16 for 50.05% of assets.

More notable recent United States Oil Fund LP (ETF) (NYSEARCA:USO) news were published by: Etfdailynews.com which released: “Oil Maintains $50 Level as Oil Producers Set to Meet in Istanbul” on October 07, 2016, also Etfdailynews.com with their article: “Oil Market Fundamentals Still Point to More Losses” published on October 05, 2016, Investorplace.com published: “3 Big Stock Charts: United States Oil Fund LP (ETF) (USO), Sirius XM Holdings …” on August 23, 2016. More interesting news about United States Oil Fund LP (ETF) (NYSEARCA:USO) were released by: Schaeffersresearch.com and their article: “United States Oil Fund LP ETF (USO) Option Bull Bets $1.4 Million” published on July 13, 2016 as well as Etfdailynews.com‘s news article titled: “Oil Prices Fall as Markets Doubt OPEC Deal Execution” with publication date: September 29, 2016.

USO Company Profile

United States Oil Fund, LP (USO), incorporated on May 12, 2005, 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 (the NYMEX), 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. (Wainwright).

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