Counsel Portfolio Services Inc recently disclosed that they own 20.3% of United States Diesel-Heating Oil Fund LP (NYSE:UHN) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Thursday, September 22nd. The investor owns 70,899 shares of the stock worth $1,028,036. The disclosure is available through EDGAR at this link.
Counsel Portfolio Services Inc provided the following explanation of their ownership:
The Reporting Person acquired the shares of the Issuer reported herein solely for investment management purposes. The Reporting Person may make additional purchases of shares in the open market, depending on the Reporting Person’s business, investment strategies, the market for the shares, general economic conditions, stock market conditions and other future developments.
The following describes plans or proposals that the Reporting Person may have with respect to the matters set forth in Item 4(a)(j) of Schedule 13D:
The Reporting Person may acquire or dispose of shares of the Issuer’s stock depending upon prevailing market conditions and its investment objectives;
United States Diesel-Heating Oil Fund LP (NYSE:UHN) remained flat at $14.50 during trading on Thursday. 21 shares of the stock traded hands. United States Diesel-Heating Oil Fund LP has a 52-week low of $9.47 and a 52-week high of $19.25. The firm’s 50-day moving average price is $14.53 and its 200 day moving average price is $14.43.
About United States Diesel-Heating Oil Fund
United States Diesel-Heating Oil Fund, LP (UHN) is a commodity pool that issues limited partnership interests traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of UHN is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of heating oil (No.
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