United States 12 Month Oil Fund (NYSEARCA:USL) Stock Price Down 0.5% – Here’s What Happened

United States 12 Month Oil Fund LP (NYSEARCA:USL) fell 0.5% during trading on Wednesday . The stock traded as low as $38.22 and last traded at $38.37. 10,110 shares changed hands during trading, an increase of 45% from the average session volume of 6,978 shares. The stock had previously closed at $38.58.

United States 12 Month Oil Fund Trading Down 0.5 %

The firm has a fifty day moving average price of $37.88 and a 200 day moving average price of $37.67.

Hedge Funds Weigh In On United States 12 Month Oil Fund

Several institutional investors have recently modified their holdings of the business. Flow Traders U.S. LLC grew its holdings in United States 12 Month Oil Fund by 323.5% during the 3rd quarter. Flow Traders U.S. LLC now owns 24,965 shares of the company’s stock worth $897,000 after acquiring an additional 19,070 shares in the last quarter. Bank of Montreal Can lifted its position in shares of United States 12 Month Oil Fund by 94.6% during the 2nd quarter. Bank of Montreal Can now owns 24,686 shares of the company’s stock worth $1,004,000 after purchasing an additional 12,003 shares during the last quarter. Finally, Virtu Financial LLC lifted its position in shares of United States 12 Month Oil Fund by 79.4% during the 3rd quarter. Virtu Financial LLC now owns 33,820 shares of the company’s stock worth $1,215,000 after purchasing an additional 14,967 shares during 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.