United States Oil Fund carried out a 1 for 8 reverse stock split, effective April 29, 2020.
Shareholders will now hold 1 share of the United States Oil Fund (USO) for every 8 shares previously held. A reverse stock split consolidates a company’s shares into fewer total outstanding shares. A reverse stock split does not by itself change the total dollar value of your holdings, but as always the market value of a company’s stock may change.
If you have questions regarding corporate actions that affect shares you’re holding, we recommend contacting the appropriate company’s investor relations team, or visiting the investor relations page on their website for more information.
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What this corporate action means for shareholders
What this means for shareholders