United States 12 Month Oil Fund LP (NYSEARCA:USL) Sees Large Decline in Short Interest

United States 12 Month Oil Fund LP (NYSEARCA:USL) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 18,596 shares, a drop of 48.2% from the June 15th total of 35,884 shares. Based on an average trading volume of 24,525 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.1% of the shares of the stock are sold short.

United States 12 Month Oil Fund Price Performance

NYSEARCA:USL traded down $0.42 during mid-day trading on Thursday, hitting $49.35. 9,733 shares of the stock traded hands, compared to its average volume of 36,031. The business’s 50-day moving average price is $50.37 and its 200 day moving average price is $44.93. United States 12 Month Oil Fund has a 12-month low of $32.25 and a 12-month high of $56.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of United States 12 Month Oil Fund in the fourth quarter worth $1,523,000. Flow Traders U.S. LLC boosted its stake in United States 12 Month Oil Fund by 41.3% during the third quarter. Flow Traders U.S. LLC now owns 32,095 shares of the company’s stock valued at $1,143,000 after buying an additional 9,373 shares during the period. Osaic Holdings Inc. boosted its stake in United States 12 Month Oil Fund by 16.8% during the second quarter. Osaic Holdings Inc. now owns 6,700 shares of the company’s stock valued at $235,000 after buying an additional 962 shares during the period. Jane Street Group LLC grew its position in United States 12 Month Oil Fund by 234.5% during the first quarter. Jane Street Group LLC now owns 33,593 shares of the company’s stock worth $1,283,000 after buying an additional 23,551 shares in the last quarter. Finally, Roxbury Financial LLC grew its position in United States 12 Month Oil Fund by 129.5% during the fourth quarter. Roxbury Financial LLC now owns 3,825 shares of the company’s stock worth $127,000 after buying an additional 2,158 shares in the last quarter.

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.