United States 3x Oil Fund
USOU
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Jul 19, 2017
- CIK
- 0001671686
- Similar Companies
- Business
- United States 3x Oil Fund (USOU) is an exchange-traded fund sponsored by United States Commodity Funds LLC (USCF), a subsidiary of USCF Investments, Inc., that seeks to reflect three times (3x) the daily percentage change in the price of the front-month NYMEX futures contract on West Texas Intermediate (WTI) light, sweet crude oil, before fees and expenses; the fund achieves this leveraged exposure primarily through investments in futures contracts, swaps, and other oil-related derivatives traded on exchanges such as NYMEX, ICE Futures U.S., and ICE Futures Europe, collateralized by cash, cash equivalents, and short-term U.S. government obligations. Launched in 2017 as part of the USCF Funds Trust and headquartered in Walnut Creek, California, USOU targets sophisticated investors seeking amplified short-term exposure to oil price movements within the commodities sector, with shares trading on the NYSE Arca exchange. The fund operates without issuing a K-1 tax form, distinguishing it from traditional commodity pools, and focuses on daily resets that may lead to compounding effects unsuitable for long-term holding. USOU's core offerings include long positions in benchmark WTI crude oil futures contracts and related petroleum derivatives such as diesel-heating oil, gasoline, and natural gas futures; to a lesser extent, it incorporates cash-settled options, forwards, and over-the-counter swaps for regulatory compliance, liquidity, or risk mitigation amid volatile market conditions. Geographically, the fund invests in U.S. and select foreign exchange-traded contracts, providing U.S.-based investors access to global oil benchmarks without direct physical commodity ownership. In recent developments, USCF Investments, the parent sponsor, expanded its ETF platform with assets surpassing $3 billion as of early 2025, including growth in complementary commodity strategies like the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI), which received a nomination for Commodity ETF of the Year; while no specific acquisitions or relaunches were announced for USOU itself in 2024-2025, the firm's broader accolades and innovation focus underscore ongoing operational enhancements in leveraged commodity products. USOU remains actively traded on major platforms amid heightened oil market volatility, with performance tied to WTI futures dynamics influenced by geopolitical events and energy demand shifts. No major partnerships, funding rounds, or structural reorganizations specific to USOU were reported in the last 1-2 years, though USCF continues to manage a suite of related oil funds like the flagship United States Oil Fund (USO).