United States 12 Month Oil Fund (NYSEARCA:USL) Stock Jumps 2.1% – Still a Buy?

Shares of United States 12 Month Oil Fund LP (NYSEARCA:USL) shot up 2.1% on Wednesday. The company traded as high as $64.86 and last traded at $64.59. 15,381 shares traded hands during trading, a decline of 43% from the average session volume of 26,888 shares. The stock had previously closed at $63.24.

United States 12 Month Oil Fund Stock Performance

The company has a fifty day moving average price of $57.63 and a two-hundred day moving average price of $49.51.

Institutional Trading of United States 12 Month Oil Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of USL. Integrated Wealth Concepts LLC purchased a new position in shares of United States 12 Month Oil Fund in the 2nd quarter worth approximately $92,000. Continuum Advisory LLC purchased a new stake in United States 12 Month Oil Fund during the second quarter worth about $43,000. Greenfield Seitz Capital Management LLC raised its position in United States 12 Month Oil Fund by 2.5% in the third quarter. Greenfield Seitz Capital Management LLC now owns 17,980 shares of the company’s stock worth $1,026,000 after acquiring an additional 430 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of United States 12 Month Oil Fund by 67.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,045 shares of the company’s stock valued at $60,000 after acquiring an additional 420 shares during the period.

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.