United States 3x Oil Fund’s Lock-Up Period Will Expire on January 16th (NYSEARCA:USOU)

United States 3x Oil Fund’s (NYSEARCA:USOU) lock-up period is set to expire on Tuesday, January 16th. United States 3x Oil Fund had issued 30,000,000 shares in its initial public offering on July 20th. The total size of the offering was $750,000,000 based on an initial share price of $25.00. After the expiration of United States 3x Oil Fund’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

United States 3x Oil Fund (NYSEARCA:USOU) opened at $54.13 on Friday. United States 3x Oil Fund has a 52-week low of $22.46 and a 52-week high of $54.36.

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