United States 12 Month Oil Fund (NYSEARCA:USL) Trading Down 1.9% – Here’s What Happened

United States 12 Month Oil Fund LP (NYSEARCA:USLGet Free Report)’s share price dropped 1.9% during trading on Monday . The stock traded as low as $35.42 and last traded at $35.45. Approximately 16,077 shares were traded during mid-day trading, an increase of 126% from the average daily volume of 7,126 shares. The stock had previously closed at $36.14.

United States 12 Month Oil Fund Price Performance

The firm has a 50-day simple moving average of $38.34 and a 200 day simple moving average of $37.46.

Hedge Funds Weigh In On United States 12 Month Oil Fund

A number of hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP raised its position in shares of United States 12 Month Oil Fund by 13.6% during the fourth quarter. Susquehanna International Group LLP now owns 72,429 shares of the company’s stock worth $2,754,000 after acquiring an additional 8,666 shares during the last quarter. Virtu Financial LLC raised its position in shares of United States 12 Month Oil Fund by 79.4% during the third quarter. Virtu Financial LLC now owns 33,820 shares of the company’s stock worth $1,215,000 after acquiring an additional 14,967 shares during the last quarter. Flow Traders U.S. LLC raised its position in shares of United States 12 Month Oil Fund by 323.5% during the third quarter. Flow Traders U.S. LLC now owns 24,965 shares of the company’s stock worth $897,000 after acquiring an additional 19,070 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in United States 12 Month Oil Fund by 2.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,566 shares of the company’s stock worth $440,000 after purchasing an additional 270 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in United States 12 Month Oil Fund by 3.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,341 shares of the company’s stock worth $393,000 after purchasing an additional 385 shares during the period.

United States 12 Month Oil Fund Company Profile

(Get Free Report)

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.

Further Reading

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