United States 12 Month Oil Fund (NYSEARCA:USL) Stock Price Down 1.9% – Should You Sell?

United States 12 Month Oil Fund LP (NYSEARCA:USLGet Free Report)’s share price dropped 1.9% on Monday . The company traded as low as $35.42 and last traded at $35.45. Approximately 16,077 shares changed hands during trading, an increase of 126% from the average daily volume of 7,126 shares. The stock had previously closed at $36.14.

United States 12 Month Oil Fund Trading Up 1.8 %

The business has a 50 day simple moving average of $38.30 and a two-hundred day simple moving average of $37.44.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Roxbury Financial LLC purchased a new position in shares of United States 12 Month Oil Fund in the 4th quarter worth $61,000. Greenwich Wealth Management LLC purchased a new position in shares of United States 12 Month Oil Fund in the 4th quarter worth $200,000. Bank of Montreal Can purchased a new position in shares of United States 12 Month Oil Fund in the 4th quarter worth $208,000. Commonwealth Equity Services LLC raised its position in shares of United States 12 Month Oil Fund by 3.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,341 shares of the company’s stock worth $393,000 after buying an additional 385 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in shares of United States 12 Month Oil Fund by 2.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,566 shares of the company’s stock worth $440,000 after buying an additional 270 shares during the period.

United States 12 Month Oil Fund Company Profile

(Get Free Report)

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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