Today were published United States Oil Fund LP (ETF) (NYSEARCA:USO)‘s daily net flows. The ETF registered $107.89M asset inflows for 3.73% increase, reaching $3002.92M after yestarday’s trading session. The chart of United States Oil Fund LP (ETF) shows positive 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 inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The ETF decreased 2.74% or $0.29 during the last trading session, hitting $10.28. United States Oil Fund LP (ETF) (NYSEARCA:USO) has risen 10.18% since April 1, 2016 and is uptrending. It has outperformed by 8.97% 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: “Shell Expects Peak Oil Demand in 2021” on November 03, 2016, also Etfdailynews.com with their article: “Oil Plunges Under $46 As U.S. Crude Reserves Unexpectedly Surge” published on November 02, 2016, Etfdailynews.com published: “October OPEC Oil Production Was Likely A Record High” on November 01, 2016. More interesting news about United States Oil Fund LP (ETF) (NYSEARCA:USO) were released by: Investorplace.com and their article: “Use United States Oil Fund LP (ETF) (USO) Puts to Play the Action in Crude” published on October 18, 2016 as well as Investorplace.com‘s news article titled: “3 Big Stock Charts: United States Oil Fund LP (ETF) (USO), Sirius XM Holdings …” with publication date: August 23, 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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