United States 12 Month Oil Fund (NYSEARCA:USL) Shares Down 0.7% – Time to Sell?

United States 12 Month Oil Fund LP (NYSEARCA:USL) shares traded down 0.7% on Tuesday . The company traded as low as $35.76 and last traded at $35.81. 36,117 shares were traded during mid-day trading, an increase of 129% from the average session volume of 15,749 shares. The stock had previously closed at $36.08.

United States 12 Month Oil Fund Price Performance

The business has a 50-day moving average price of $34.63 and a 200-day moving average price of $34.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Roxbury Financial LLC raised its stake in United States 12 Month Oil Fund by 129.5% during the fourth quarter. Roxbury Financial LLC now owns 3,825 shares of the company’s stock worth $127,000 after purchasing an additional 2,158 shares during the period. Osaic Holdings Inc. grew its stake in shares of United States 12 Month Oil Fund by 16.8% in the 2nd quarter. Osaic Holdings Inc. now owns 6,700 shares of the company’s stock valued at $235,000 after buying an additional 962 shares during the period. Flow Traders U.S. LLC increased its holdings in shares of United States 12 Month Oil Fund by 41.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 32,095 shares of the company’s stock worth $1,143,000 after buying an additional 9,373 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of United States 12 Month Oil Fund by 234.5% during the 1st quarter. Jane Street Group LLC now owns 33,593 shares of the company’s stock valued at $1,283,000 after buying an additional 23,551 shares during the period.

About United States 12 Month Oil Fund

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.