United States 12 Month Oil Fund LP (NYSEARCA:USL – Get Free Report)’s share price fell 1.1% on Monday . The company traded as low as $32.87 and last traded at $32.94. 33,627 shares were traded during mid-day trading, an increase of 373% from the average session volume of 7,110 shares. The stock had previously closed at $33.31.
United States 12 Month Oil Fund Stock Performance
The firm’s 50 day moving average price is $34.13 and its 200-day moving average price is $35.37.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of United States 12 Month Oil Fund by 3,200.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,000 shares of the company’s stock worth $1,159,000 after purchasing an additional 32,000 shares in the last quarter. Jane Street Group LLC grew its stake 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 acquiring an additional 23,551 shares in the last quarter. Flow Traders U.S. LLC raised its holdings 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 valued at $1,143,000 after acquiring an additional 9,373 shares during the last quarter. Finally, Osaic Holdings Inc. lifted 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 purchasing an additional 962 shares in the last quarter.
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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