United States 12 Month Oil Fund LP (NYSEARCA:USL – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 18,596 shares, a decrease of 48.2% from the June 15th total of 35,884 shares. Based on an average trading volume of 24,525 shares, the short-interest ratio is currently 0.8 days. Currently, 2.1% of the company’s stock are sold short.
Hedge Funds Weigh In On United States 12 Month Oil Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Roxbury Financial LLC boosted 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 valued at $127,000 after buying an additional 2,158 shares in the last quarter. Osaic Holdings Inc. grew its position 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 worth $235,000 after buying an additional 962 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 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 in the last quarter. Jane Street Group LLC increased its stake in shares of 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 worth $1,283,000 after acquiring an additional 23,551 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in United States 12 Month Oil Fund during the 4th quarter valued at about $1,523,000.
United States 12 Month Oil Fund Trading Up 0.9%
Shares of USL traded up $0.42 on Wednesday, reaching $49.81. The stock had a trading volume of 9,558 shares, compared to its average volume of 36,221. The company has a 50-day simple moving average of $50.40 and a 200-day simple moving average of $44.82. United States 12 Month Oil Fund has a 12-month low of $32.25 and a 12-month 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.
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