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Benzinga
Benzinga
Business
Melanie Schaffer

What Do They Know That We Don't? Institutions Just Bet $18M On The U.S. Oil Fund Via Dark Pools

Oil USO NYSE

At 9:12 a.m. on Wednesday, Money Flow Mel (@MelStone31) posted an image to Twitter Inc (NYSE:TWTR) indicating institutions traded large blocks of the United States Oil ETF (NYSE:USO) over a dark pool exchange.

The Trades: At 8:07:56 a.m. an institution traded 111,000 shares of USO at $81.16. A few minutes later, at 8:10:41 a.m., another order for 111,000 USO shares went through at the same price. Together, the two trades amount to an $18.01 million bet on the fund.

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