United States 12 Month Oil Fund LP (NYSEARCA:USL – Get Free Report) shares shot up 0.2% on Wednesday. The stock traded as high as $58.44 and last traded at $57.81. 7,609 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 27,851 shares. The stock had previously closed at $57.69.
United States 12 Month Oil Fund Price Performance
The firm has a 50-day moving average price of $53.75 and a 200 day moving average price of $51.43.
Institutional Trading of United States 12 Month Oil Fund
Several hedge funds have recently bought and sold shares of USL. Continuum Advisory LLC bought a new position in shares of United States 12 Month Oil Fund in the second quarter worth $43,000. Farther Finance Advisors LLC lifted its holdings in United States 12 Month Oil Fund by 67.2% in the third quarter. Farther Finance Advisors LLC now owns 1,045 shares of the company’s stock worth $60,000 after purchasing an additional 420 shares during the period. Integrated Wealth Concepts LLC bought a new position in United States 12 Month Oil Fund in the 2nd quarter valued at about $92,000. Finally, Virtu Financial LLC acquired a new position in United States 12 Month Oil Fund during the 4th quarter valued at about $1,523,000.
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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