United States 12 Month Oil Fund (NYSEARCA:USL) Trading 5.5% Higher – Should You Buy?

United States 12 Month Oil Fund LP (NYSEARCA:USL)’s stock price rose 5.5% during mid-day trading on Monday . The company traded as high as $49.35 and last traded at $49.18. Approximately 20,772 shares were traded during trading, a decline of 43% from the average daily volume of 36,629 shares. The stock had previously closed at $46.62.

United States 12 Month Oil Fund Trading Up 5.5%

The company has a 50 day simple moving average of $50.50 and a 200 day simple moving average of $44.71.

Institutional Investors Weigh In On United States 12 Month Oil Fund

A number of hedge funds have recently modified their holdings of the business. Roxbury Financial LLC boosted its position 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 acquiring an additional 2,158 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of United States 12 Month Oil Fund by 16.8% in 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 last quarter. Flow Traders U.S. LLC lifted its position in United States 12 Month Oil Fund by 41.3% during the third 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 in the last quarter. Jane Street Group LLC boosted its stake in United States 12 Month Oil Fund by 234.5% during the first quarter. Jane Street Group LLC now owns 33,593 shares of the company’s stock worth $1,283,000 after buying an additional 23,551 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in United States 12 Month Oil Fund in the 4th quarter valued at $1,523,000.

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.