United States 12 Month Oil Fund LP (NYSEARCA:USL – Get Free Report) shares were down 0.6% during trading on Wednesday . The stock 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 daily volume of 33,771 shares. The stock had previously closed at $47.35.
United States 12 Month Oil Fund Trading Down 0.1%
The business has a 50-day moving average of $49.06 and a 200 day moving average of $46.74.
Institutional Investors Weigh In On United States 12 Month Oil Fund
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new position in shares of United States 12 Month Oil Fund in the fourth quarter worth about $1,523,000. Jane Street Group LLC grew its stake 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 acquiring an additional 23,551 shares during the period. Flow Traders U.S. LLC grew its stake 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 valued at $1,143,000 after acquiring an additional 9,373 shares during the period. Finally, 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 acquiring an additional 962 shares in the last quarter.
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.
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