United States 12 Month Oil Fund LP (NYSEARCA:USL – Get Free Report)’s stock price rose 0.2% on Wednesday . The stock traded as high as $51.76 and last traded at $50.95. 4,064 shares were traded during mid-day trading, a decline of 87% from the average session volume of 31,426 shares. The stock had previously closed at $50.83.
United States 12 Month Oil Fund Stock Performance
The business’s 50 day simple moving average is $48.89 and its 200-day simple moving average is $48.27.
Hedge Funds Weigh In On United States 12 Month Oil Fund
Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in United States 12 Month Oil Fund in the 4th quarter worth approximately $1,523,000. Jane Street Group LLC grew its stake in shares of United States 12 Month Oil Fund by 234.5% in the first quarter. Jane Street Group LLC now owns 33,593 shares of the company’s stock worth $1,283,000 after purchasing an additional 23,551 shares in the last quarter. Flow Traders U.S. LLC grew its stake in shares of United States 12 Month Oil Fund by 41.3% in the third quarter. Flow Traders U.S. LLC now owns 32,095 shares of the company’s stock worth $1,143,000 after purchasing an additional 9,373 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of United States 12 Month Oil Fund by 16.8% during the second quarter. Osaic Holdings Inc. now owns 6,700 shares of the company’s stock valued at $235,000 after purchasing an additional 962 shares during the period. Finally, Continuum Advisory LLC acquired a new position in shares of United States 12 Month Oil Fund during the second quarter valued at $43,000.
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.
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