United States 12 Month Oil Fund (NYSEARCA:USL) Trading 3.2% Higher – Here’s Why

United States 12 Month Oil Fund LP (NYSEARCA:USL) shares shot up 3.2% during trading on Monday . The stock traded as high as $36.95 and last traded at $36.95. 6,479 shares changed hands during trading, a decline of 16% from the average session volume of 7,712 shares. The stock had previously closed at $35.81.

United States 12 Month Oil Fund Stock Performance

The company’s 50 day moving average price is $36.99 and its 200 day moving average price is $38.26.

Hedge Funds Weigh In On United States 12 Month Oil Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC raised its holdings in United States 12 Month Oil Fund by 79.4% in the third quarter. Virtu Financial LLC now owns 33,820 shares of the company’s stock worth $1,215,000 after purchasing an additional 14,967 shares during the period. Flow Traders U.S. LLC raised 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 worth $897,000 after purchasing an additional 19,070 shares during the period. Finally, Bank of Montreal Can raised its holdings in United States 12 Month Oil Fund by 94.6% in the second quarter. Bank of Montreal Can now owns 24,686 shares of the company’s stock worth $1,004,000 after purchasing an additional 12,003 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.