Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Price Range of Shares
USO’s shares have traded on the NYSE Arca under the symbol “USO” since November 25, 2008. Prior to trading on the NYSE Arca, USO’s shares traded on the American Stock Exchange (the “AMEX”) under the symbol “USO” since its initial public offering on April 10, 2006 until November 24, 2008.
As of December 31, 2022, USO had approximately 219,555 holders of shares.
Dividends
USO has not made and does not currently intend to make cash distributions to its shareholders.
Issuer Purchases of Equity Securities
USO does not purchase shares directly from its shareholders. In connection with its redemption of baskets held by Authorized Participants, USO redeemed 172 baskets (comprising 17,200,000 shares) and 641 baskets (comprising 64,100,000 shares) for the three and twelve months ended December 31, 2022, respectively. Monthly redemptions for the last three months are detailed below.
Total Number of
Average Price Per
Period
Shares Redeemed
Share
10/1/22 to 10/31/22
3,400,000
$
71.34
11/1/22 to 11/30/22
3,800,000
71.43
12/1/22 to 12/31/22
10,000,000
67.14
Total
17,200,000
Item 6. [Reserved].
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.