United States 12 Month Oil Fund LP (NYSEARCA:USL – Get Free Report)’s share price was down 1.8% during mid-day trading on Wednesday . The company traded as low as $56.03 and last traded at $56.53. Approximately 5,816 shares were traded during trading, a decline of 80% from the average daily volume of 29,587 shares. The stock had previously closed at $57.54.
United States 12 Month Oil Fund Price Performance
The stock has a 50-day moving average of $51.61 and a two-hundred day moving average of $50.22.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Continuum Advisory LLC purchased a new stake in shares of United States 12 Month Oil Fund in the second quarter worth approximately $43,000. Integrated Wealth Concepts LLC acquired a new stake in shares of United States 12 Month Oil Fund during the second quarter worth approximately $92,000. Finally, Virtu Financial LLC purchased a new position in United States 12 Month Oil Fund during the fourth quarter valued at approximately $1,523,000.
United States 12 Month Oil Fund Company Profile
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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