United States 12 Month Oil Fund (NYSEARCA:USL) Trading Down 0.5% – Here’s What Happened

United States 12 Month Oil Fund LP (NYSEARCA:USL)’s share price traded down 0.5% during mid-day trading on Wednesday . The stock traded as low as $38.22 and last traded at $38.37. 10,110 shares changed hands during trading, an increase of 45% from the average session volume of 6,978 shares. The stock had previously closed at $38.58.

United States 12 Month Oil Fund Stock Down 0.5 %

The business has a 50 day moving average of $37.88 and a 200-day moving average of $37.67.

Institutional Investors Weigh In On United States 12 Month Oil Fund

Several hedge funds have recently modified their holdings of the company. Virtu Financial LLC lifted its stake in shares of United States 12 Month Oil Fund by 79.4% during the third quarter. Virtu Financial LLC now owns 33,820 shares of the company’s stock valued at $1,215,000 after buying an additional 14,967 shares during the period. Flow Traders U.S. LLC raised its holdings in United States 12 Month Oil Fund by 323.5% in the 3rd quarter. Flow Traders U.S. LLC now owns 24,965 shares of the company’s stock valued at $897,000 after acquiring an additional 19,070 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of United States 12 Month Oil Fund by 94.6% during the 2nd quarter. Bank of Montreal Can now owns 24,686 shares of the company’s stock worth $1,004,000 after purchasing an additional 12,003 shares during the period.

United States 12 Month Oil Fund Company Profile

The United States 12 Month Oil Fund, LP (USL) is an exchange-traded fund that is based on the 12 Month Light Sweet Crude Oil index. The fund tracks light, sweet crude oil spot prices using an average of the 12 nearest-month NYMEX WTI crude oil futures contracts. USL was launched on Dec 6, 2007 and is managed by US Commodity Funds.