Southport Capital Management eliminated its position in shares of United States Oil Fund LP (ETF) (NYSE:USO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm previously had a 10,800 share position in the company, valued at approximately $104,652. Southport Capital Management was fully divested from the company by the time it had filed its most recent disclosure.

Other large investors have also recently made changes to their positions in the company. ING Groep raised its stake in shares of United States Oil Fund LP (ETF) by 7.9% in the third quarter. ING Groep now owns 41,000 shares of the company’s stock worth $602,000 after buying an additional 3,000 shares during the last quarter. Gerstein Fisher purchased a new stake in shares of United States Oil Fund LP (ETF) during the third quarter worth $313,000. Finally, Merriman Wealth Management purchased a new stake in shares of United States Oil Fund LP (ETF) during the fourth quarter worth $198,000.

Shares of United States Oil Fund LP (NYSE:USO) traded up 5.66% during midday trading on Thursday, hitting $9.70. 66,151,054 shares of the stock were exchanged. The firm has a 50 day moving average of $10.12 and a 200 day moving average of $13.53. United States Oil Fund LP has a 12-month low of $7.92 and a 12-month high of $21.50.

United States Oil Fund, LP (NYSE:USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc. The investment objective of USO is for changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange (the NYMEX). The Company’s general partner is United States Commodity Funds LLC. The net assets of USO consist primarily of investments in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas and other petroleum-based fuels that are traded on the NYMEX, ICE Futures or other the United States and foreign exchanges.

12 Month Chart for NYSE:USO

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