Short Interest in United States 12 Month Oil Fund LP (NYSEARCA:USL) Declines By 48.2%

United States 12 Month Oil Fund LP (NYSEARCA:USL) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 18,596 shares, a decline of 48.2% from the June 15th total of 35,884 shares. Based on an average daily trading volume, of 24,525 shares, the days-to-cover ratio is presently 0.8 days. Approximately 2.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On United States 12 Month Oil Fund

Large investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in United States 12 Month Oil Fund during the fourth quarter valued at approximately $1,523,000. Jane Street Group LLC grew its holdings in United States 12 Month Oil Fund by 234.5% during 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 in the last quarter. Flow Traders U.S. LLC increased its stake in United States 12 Month Oil Fund by 41.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 32,095 shares of the company’s stock worth $1,143,000 after acquiring an additional 9,373 shares during the last quarter. Osaic Holdings Inc. increased its stake in 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 worth $235,000 after acquiring an additional 962 shares during the last quarter. Finally, Roxbury Financial LLC raised its holdings in shares of United States 12 Month Oil Fund by 129.5% during the 4th quarter. Roxbury Financial LLC now owns 3,825 shares of the company’s stock worth $127,000 after acquiring an additional 2,158 shares in the last quarter.

United States 12 Month Oil Fund Stock Performance

USL traded up $1.13 during trading on Friday, hitting $50.48. 15,490 shares of the company traded hands, compared to its average volume of 35,878. The stock’s 50-day simple moving average is $50.32 and its two-hundred day simple moving average is $45.05. United States 12 Month Oil Fund has a 1 year low of $32.25 and a 1 year high of $56.75.

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.