United States 12 Month Oil Fund (NYSEARCA:USL) Stock Price Down 0.9%

United States 12 Month Oil Fund LP (NYSEARCA:USL)’s stock price dropped 0.9% during mid-day trading on Monday . The company traded as low as $40.41 and last traded at $40.49. Approximately 4,283 shares traded hands during trading, a decline of 49% from the average daily volume of 8,402 shares. The stock had previously closed at $40.84.

United States 12 Month Oil Fund Price Performance

The stock has a 50-day moving average of $39.38 and a 200-day moving average of $37.73.

Institutional Trading of United States 12 Month Oil Fund

A number of institutional investors have recently made changes to their positions in USL. Virtu Financial LLC grew its position in United States 12 Month Oil Fund by 132.5% in the fourth quarter. Virtu Financial LLC now owns 33,206 shares of the company’s stock valued at $1,166,000 after purchasing an additional 18,925 shares in the last quarter. Greenwich Wealth Management LLC bought a new position in shares of United States 12 Month Oil Fund in the 3rd quarter valued at about $229,000. Finally, Tower Research Capital LLC TRC increased its position in shares of United States 12 Month Oil Fund by 1,203.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,541 shares of the company’s stock valued at $89,000 after acquiring an additional 2,346 shares during the last quarter.

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.