United States 12 Month Oil Fund LP (NYSEARCA:USL – Get Free Report) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 55,422 shares, an increase of 148.5% from the September 30th total of 22,300 shares. Approximately 7.4% of the company’s stock are short sold. Based on an average daily volume of 12,209 shares, the short-interest ratio is currently 4.5 days.
Hedge Funds Weigh In On United States 12 Month Oil Fund
Several large investors have recently bought and sold shares of USL. Greenfield Seitz Capital Management LLC increased its stake in shares of United States 12 Month Oil Fund by 2.5% during the third quarter. Greenfield Seitz Capital Management LLC now owns 17,980 shares of the company’s stock valued at $1,026,000 after acquiring an additional 430 shares during the period. Farther Finance Advisors LLC boosted its stake in United States 12 Month Oil Fund by 67.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,045 shares of the company’s stock valued at $60,000 after purchasing an additional 420 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of United States 12 Month Oil Fund during the 2nd quarter valued at $92,000. Finally, Continuum Advisory LLC acquired a new position in shares of United States 12 Month Oil Fund during the 2nd quarter valued at $43,000.
United States 12 Month Oil Fund Stock Up 1.1%
Shares of USL stock traded up $0.71 during mid-day trading on Friday, reaching $64.92. 2,387 shares of the company were exchanged, compared to its average volume of 26,658. The business’s 50 day simple moving average is $57.40 and its 200 day simple moving average is $49.36. United States 12 Month Oil Fund has a fifty-two week low of $32.25 and a fifty-two week high of $65.36.
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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