United States 12 Month Oil Fund (NYSEARCA:USL) Stock Price Down 4.9% – Should You Sell?

United States 12 Month Oil Fund LP (NYSEARCA:USL) fell 4.9% on Monday . The stock traded as low as $35.66 and last traded at $35.92. 7,573 shares changed hands during trading, a decline of 0% from the average session volume of 7,591 shares. The stock had previously closed at $37.78.

United States 12 Month Oil Fund Trading Up 2.2 %

The firm has a fifty day simple moving average of $37.03 and a two-hundred day simple moving average of $38.61.

Hedge Funds Weigh In On United States 12 Month Oil Fund

An institutional investor recently raised its position in United States 12 Month Oil Fund stock. Virtu Financial LLC increased its stake in shares of United States 12 Month Oil Fund LP (NYSEARCA:USL) by 14.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,853 shares of the company’s stock after purchasing an additional 2,385 shares during the period. Virtu Financial LLC owned 1.18% of United States 12 Month Oil Fund worth $764,000 as of its most recent SEC filing.

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.