United States 12 Month Oil Fund (NYSEARCA:USL) Shares Down 0.4% – Here’s What Happened

Shares of United States 12 Month Oil Fund LP (NYSEARCA:USL) were down 0.4% during mid-day trading on Monday . The company traded as low as $38.67 and last traded at $38.71. Approximately 9,525 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 6,708 shares. The stock had previously closed at $38.88.

United States 12 Month Oil Fund Price Performance

The firm has a fifty day moving average of $37.01 and a 200 day moving average of $37.84.

Institutional Investors Weigh In On United States 12 Month Oil Fund

Several hedge funds and other institutional investors have recently bought and sold shares of USL. Virtu Financial LLC boosted its holdings in United States 12 Month Oil Fund by 14.5% in the 2nd quarter. Virtu Financial LLC now owns 18,853 shares of the company’s stock valued at $764,000 after purchasing an additional 2,385 shares during the last quarter. Bank of Montreal Can raised 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 valued at $1,004,000 after buying an additional 12,003 shares during the period. Finally, Flow Traders U.S. LLC lifted its holdings in United States 12 Month Oil Fund by 323.5% in the third quarter. Flow Traders U.S. LLC now owns 24,965 shares of the company’s stock valued at $897,000 after acquiring an additional 19,070 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.