USO will effect the reverse share split after the close of the markets on April 28, 2020. The number of issued and outstanding USO shares will decrease as a result. USO shareholders at the close of trading on April 28, 2020 will participate in the reverse share split.

Will the USO stock split?

As of this morning, shareholders of the USO oil ETF are realizing the effects of an 8 for 1 reverse stock split. This means that USO oil price will be multiplied by 8, while your holdings are divided. Before the split, USO traded at approximately $2.50 cents. Let's assume you owned 80 shares prior to the split.

What happens to USO options after reverse split?

United States Oil Fund, LP (USO) has announced a 1-for-8 reverse stock split. As a result of the reverse stock split, each USO Common Share will be converted into the right to receive 0.125 (New) United States Oil Fund, LP Common Shares.