United States 12 Month Oil Fund (NYSEARCA:USL) Shares Down 0.6% – Here’s Why

United States 12 Month Oil Fund LP (NYSEARCA:USL)’s share price fell 0.6% on Wednesday . The company traded as low as $47.05 and last traded at $47.05. 7,555 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 33,771 shares. The stock had previously closed at $47.35.

United States 12 Month Oil Fund Stock Performance

The business’s 50 day simple moving average is $49.14 and its two-hundred day simple moving average is $46.64.

Institutional Investors Weigh In On United States 12 Month Oil Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of USL. Osaic Holdings Inc. increased its holdings in 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 worth $235,000 after purchasing an additional 962 shares in the last quarter. Flow Traders U.S. LLC boosted its stake in shares of 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 valued at $1,143,000 after purchasing an additional 9,373 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of 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 purchasing an additional 23,551 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of United States 12 Month Oil Fund during the fourth quarter worth about $1,523,000.

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.