United States 12 Month Oil Fund (NYSEARCA:USL) Stock Price Down 0.6% – Here’s Why

United States 12 Month Oil Fund LP (NYSEARCA:USL) shares dropped 0.6% on Wednesday . The company traded as low as $47.05 and last traded at $47.05. Approximately 7,555 shares were traded during trading, a decline of 78% from the average daily volume of 33,771 shares. The stock had previously closed at $47.35.

United States 12 Month Oil Fund Price Performance

The company’s 50-day simple moving average is $49.14 and its 200-day simple moving average is $46.64.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in United States 12 Month Oil Fund during the 4th quarter worth about $1,523,000. Jane Street Group LLC grew its position in shares of United States 12 Month Oil Fund by 234.5% in the 1st quarter. Jane Street Group LLC now owns 33,593 shares of the company’s stock valued at $1,283,000 after buying an additional 23,551 shares during the last quarter. Flow Traders U.S. LLC grew its position in shares of United States 12 Month Oil Fund by 41.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 32,095 shares of the company’s stock valued at $1,143,000 after buying an additional 9,373 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of United States 12 Month Oil Fund by 16.8% in the second quarter. Osaic Holdings Inc. now owns 6,700 shares of the company’s stock valued at $235,000 after buying an additional 962 shares during the period.

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.