United States 12 Month Oil Fund (NYSEARCA:USL) Stock Price Up 0.2% – Here’s Why

Shares of United States 12 Month Oil Fund LP (NYSEARCA:USL) were up 0.2% on Wednesday . The stock traded as high as $51.76 and last traded at $50.95. Approximately 4,064 shares were traded during mid-day trading, a decline of 87% from the average session volume of 31,426 shares. The stock had previously closed at $50.83.

United States 12 Month Oil Fund Stock Performance

The stock has a 50 day moving average price of $48.97 and a 200 day moving average price of $48.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Continuum Advisory LLC purchased a new stake in shares of United States 12 Month Oil Fund during the 2nd quarter worth approximately $43,000. Osaic Holdings Inc. grew its holdings in United States 12 Month Oil Fund by 16.8% during 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 period. Flow Traders U.S. LLC grew its holdings 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 valued at $1,143,000 after purchasing an additional 9,373 shares during the period. Jane Street Group LLC increased its position in United States 12 Month Oil Fund by 234.5% in 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 fourth quarter worth $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.