The USO ETF (Symbol: USO) experienced an outflow of approximately $176.3 million, marking a 6.8% decrease in shares outstanding week over week, from 47,023,603 to 43,823,603. This analysis was conducted on [insert date or context of reporting] and highlights a significant shift in investor demand.
Currently, USO’s share price stands at $54.75, within a 52-week range of $32.24 and $58.69. The report underscores the importance of tracking inflows and outflows in ETFs, as they can significantly impact the underlying assets held within these funds.
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