United States 12 Month Oil Fund (NYSEARCA:USL) Stock Price Up 1.6% – Still a Buy?

Shares of United States 12 Month Oil Fund LP (NYSEARCA:USL) rose 1.6% during trading on Wednesday . The company traded as high as $54.56 and last traded at $54.33. Approximately 10,259 shares changed hands during trading, a decline of 74% from the average daily volume of 39,974 shares. The stock had previously closed at $53.50.

United States 12 Month Oil Fund Stock Performance

The company has a fifty day moving average of $51.48 and a two-hundred day moving average of $42.03.

Institutional Trading of United States 12 Month Oil Fund

A number of institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its stake in shares of 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 valued at $235,000 after purchasing an additional 962 shares in the last quarter. Roxbury Financial LLC increased its stake in shares of United States 12 Month Oil Fund by 129.5% in the fourth quarter. Roxbury Financial LLC now owns 3,825 shares of the company’s stock valued at $127,000 after buying an additional 2,158 shares during the period. Flow Traders U.S. LLC increased its stake in shares of United States 12 Month Oil Fund by 41.3% in the third quarter. Flow Traders U.S. LLC now owns 32,095 shares of the company’s stock valued at $1,143,000 after buying an additional 9,373 shares during the period. Jane Street Group LLC raised its holdings in United States 12 Month Oil Fund by 234.5% in the 1st quarter. Jane Street Group LLC now owns 33,593 shares of the company’s stock valued at $1,283,000 after buying an additional 23,551 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in United States 12 Month Oil Fund in the 4th quarter valued at approximately $1,523,000.

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.