United States Oil Fund, LP (USO) short interest & options flow
ARCAUSO short interest surged to 96.4% of free float on November 2, marking an extreme position. The 26% weekly jump added roughly 2.5 million shares to the short book. Cost to borrow climbed 71% week-on-week to 5.1%, though availability tightened sharply to 28%, suggesting limited exit paths. The fund itself fell 7% over the same period despite rising oil prices month-to-date.
USO short interest hits 96.4% of float, up 26% in one week as crude volatility spikes.
USO short interest surged to 96.4% of free float on November 2, marking an extreme position. The 26% weekly jump added roughly 2.5 million shares to the short book. Cost to borrow climbed 71% week-on-week to 5.1%, though availability tightened sharply to 28%, suggesting limited exit paths. The fund itself fell 7% over the same period despite rising oil prices month-to-date.
- Market cap
- $2.34B
Key data as of 4 Nov 2026

Latest signals on USO
- Short Interest
USO short interest hits 96.4% of float, up 26% in one week as crude volatility spikes.
6 Short Interest updates in 30 days
- Cost to Borrow
USO cost to borrow doubles to 6.47%, highest in five weeks as shorts entrench at 93% of float.
- Utilization
USO short squeeze risk peaks as borrow availability crashes to 2.67%.
3 Utilization updates in 30 days
USO news and analysis
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