United States 12 Month Oil Fund (NYSEARCA:USL) Stock Jumps 0.2% – What’s Next?

United States 12 Month Oil Fund LP (NYSEARCA:USL)’s share price shot up 0.2% during trading on Wednesday. The company traded as high as $58.44 and last traded at $57.81. 7,609 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 27,851 shares. The stock had previously closed at $57.69.

United States 12 Month Oil Fund Trading Up 0.2%

The stock’s fifty day simple moving average is $53.56 and its two-hundred day simple moving average is $51.37.

Institutional Trading of United States 12 Month Oil Fund

A number of institutional investors and hedge funds have recently made changes to their positions in USL. Virtu Financial LLC acquired a new position in United States 12 Month Oil Fund during the 4th quarter valued at approximately $1,523,000. Integrated Wealth Concepts LLC bought a new position in United States 12 Month Oil Fund during the 2nd quarter worth $92,000. Finally, Continuum Advisory LLC bought a new position in United States 12 Month Oil Fund during the 2nd quarter worth $43,000.

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.