United States 12 Month Oil Fund (NYSEARCA:USL) Stock Price Down 0.4% – Here’s Why

United States 12 Month Oil Fund LP (NYSEARCA:USL) dropped 0.4% during mid-day trading on Monday . The company traded as low as $38.67 and last traded at $38.71. Approximately 9,525 shares traded hands during trading, an increase of 42% from the average daily volume of 6,708 shares. The stock had previously closed at $38.88.

United States 12 Month Oil Fund Price Performance

The firm’s fifty day simple moving average is $37.01 and its 200 day simple moving average is $37.84.

Institutional Trading of United States 12 Month Oil Fund

Several hedge funds and other institutional investors have recently bought and sold shares of USL. Virtu Financial LLC raised its position in shares of United States 12 Month Oil Fund by 79.4% in 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 period. Flow Traders U.S. LLC raised its holdings in United States 12 Month Oil Fund by 323.5% in the 3rd quarter. Flow Traders U.S. LLC now owns 24,965 shares of the company’s stock worth $897,000 after purchasing an additional 19,070 shares during the period. Finally, Bank of Montreal Can boosted its position in United States 12 Month Oil Fund by 94.6% during the second quarter. Bank of Montreal Can now owns 24,686 shares of the company’s stock worth $1,004,000 after purchasing an additional 12,003 shares in the last quarter.

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.