United States 12 Month Oil Fund (NYSEARCA:USL) Trading Up 1% – Should You Buy?

United States 12 Month Oil Fund LP (NYSEARCA:USL)’s stock price was up 1% on Monday . The company traded as high as $36.12 and last traded at $36.04. Approximately 2,344 shares changed hands during trading, a decline of 72% from the average daily volume of 8,225 shares. The stock had previously closed at $35.67.

United States 12 Month Oil Fund Stock Performance

The stock’s 50 day moving average price is $36.13 and its two-hundred day moving average price is $35.41.

Institutional Investors Weigh In On United States 12 Month Oil Fund

Large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its stake in United States 12 Month Oil Fund by 16.8% in the 2nd quarter. Osaic Holdings Inc. now owns 6,700 shares of the company’s stock valued at $235,000 after acquiring an additional 962 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in United States 12 Month Oil Fund by 3,200.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,000 shares of the company’s stock valued at $1,159,000 after acquiring an additional 32,000 shares during the last quarter. Jane Street Group LLC grew its stake in 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 acquiring an additional 23,551 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in United States 12 Month Oil Fund in the 1st quarter valued at about $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.