Today were released United States Oil Fund LP (ETF) (NYSEARCA:USO)‘s weekly net flows. The ETF registered $269.90M weekly asset inflows for 9.71% increase, reaching $3048.78M last week. The chart of United States Oil Fund LP (ETF) shows positive weekly 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 0.99% or $0.1 on November 4, hitting $9.98. United States Oil Fund LP (ETF) (NYSEARCA:USO) has risen 9.31% since April 5, 2016 and is uptrending. It has outperformed by 7.35% the S&P500.
The ETF’s YTD performance is -4.27%, the 1 year is -28.9% and the 3 year is -32.79%.
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 Dec16 for 49.24% of assets, US Treasury Bill for 1.23%.
More notable recent United States Oil Fund LP (ETF) (NYSEARCA:USO) news were published by: Etfdailynews.com which released: “OPEC Still Thinks It Can Get a Deal Done, But Market Says Otherwise” on November 04, 2016, also Etfdailynews.com with their article: “Shell Expects Peak Oil Demand in 2021” published on November 03, 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), Chesapeake Energy …” with publication date: September 30, 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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