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

United States 12 Month Oil Fund LP (NYSEARCA:USL)’s stock price traded up 3.2% during mid-day trading on Monday . The company traded as high as $36.95 and last traded at $36.95. 6,479 shares changed hands during mid-day 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 Down 0.4 %

The stock’s fifty day moving average is $36.99 and its 200-day moving average is $38.26.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Flow Traders U.S. LLC raised its position 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 in the last quarter. Virtu Financial LLC raised its position 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 in the last quarter. Finally, Bank of Montreal Can raised its position 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 in the last quarter.

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.