Is Buying United States Oil Fund (NYSEARCA:USO), Having Lower Short Interest a Winning Strategy?

May 18, 2018 - By Larry Purdy

The stock of United States Oil Fund (NYSEARCA:USO) registered a decrease of 3.99% in short interest. USO’s total short interest was 59.21M shares in May as published by FINRA. Its down 3.99% from 61.68 million shares, reported previously. With 17.48 million shares average volume, it will take short sellers 3 days to cover their USO’s short positions.

The stock increased 0.21% or $0.03 during the last trading session, reaching $14.49. About 17.20 million shares traded. United States Oil (NYSEARCA:USO) has risen 30.28% since May 18, 2017 and is uptrending. It has outperformed by 18.73% the S&P500.

More notable recent United States Oil (NYSEARCA:USO) news were published by: Seekingalpha.com which released: “Commodity Seasonality Points Down For WTI And Gold” on May 10, 2018, also Etftrends.com with their article: “3 Energy ETFs Climb as Oil Hits Highest Since 2014” published on May 07, 2018, Etftrends.com published: “OPEC: Still a Catalyst for Higher Oil Prices” on May 03, 2018. More interesting news about United States Oil (NYSEARCA:USO) were released by: Seekingalpha.com and their article: “USO: Oil Markets Are Becoming Very Interesting” published on May 13, 2018 as well as Seekingalpha.com‘s news article titled: “Energy Markets: What’s Our Next Bull Target In Oil?” with publication date: April 24, 2018.

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