United States 12 Month Oil Fund (NYSEARCA:USL) Trading Down 0.3% – Should You Sell?

United States 12 Month Oil Fund LP (NYSEARCA:USL) shares fell 0.3% on Wednesday . The stock traded as low as $35.93 and last traded at $36.08. 2,159 shares were traded during trading, a decline of 76% from the average session volume of 9,078 shares. The stock had previously closed at $36.18.

United States 12 Month Oil Fund Trading Down 0.3%

The firm’s 50-day simple moving average is $35.31 and its two-hundred day simple moving average is $36.21.

Institutional Trading of United States 12 Month Oil Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can purchased a new stake in shares of United States 12 Month Oil Fund in the fourth quarter valued at about $208,000. Susquehanna International Group LLP lifted its stake in shares of United States 12 Month Oil Fund by 13.6% during the fourth quarter. Susquehanna International Group LLP now owns 72,429 shares of the company’s stock valued at $2,754,000 after buying an additional 8,666 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of United States 12 Month Oil Fund by 3.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,341 shares of the company’s stock valued at $393,000 after buying an additional 385 shares during the period. Jane Street Group LLC lifted its stake in shares of United States 12 Month Oil Fund by 234.5% during the first 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 period. Finally, Virtu Financial LLC purchased a new position in shares of United States 12 Month Oil Fund during the first quarter valued at approximately $1,688,000.

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.