United States Commodity Index Fund (NYSEARCA:USCI) Trading Down 0.1% – Here’s What Happened

United States Commodity Index Fund (NYSEARCA:USCI) shares were down 0.1% during mid-day trading on Wednesday . The company traded as low as $78.78 and last traded at $78.89. Approximately 3,361 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 18,344 shares. The stock had previously closed at $78.96.

United States Commodity Index Fund Trading Down 0.1%

The stock’s fifty day moving average price is $78.24 and its 200 day moving average price is $76.48. The stock has a market cap of $280.06 million, a P/E ratio of 29.98 and a beta of 0.22.

Institutional Investors Weigh In On United States Commodity Index Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of USCI. Atria Wealth Solutions Inc. lifted its holdings in shares of United States Commodity Index Fund by 3.9% during the second quarter. Atria Wealth Solutions Inc. now owns 4,031 shares of the company’s stock valued at $295,000 after purchasing an additional 150 shares during the last quarter. Asset Dedication LLC increased its position in United States Commodity Index Fund by 2.9% during the 3rd quarter. Asset Dedication LLC now owns 8,310 shares of the company’s stock valued at $647,000 after buying an additional 236 shares in the last quarter. Pekin Hardy Strauss Inc. raised its stake in United States Commodity Index Fund by 1.0% during the second quarter. Pekin Hardy Strauss Inc. now owns 27,317 shares of the company’s stock valued at $2,002,000 after buying an additional 260 shares during the last quarter. Bank of America Corp DE purchased a new position in United States Commodity Index Fund during the second quarter valued at $29,000. Finally, Envestnet Asset Management Inc. boosted its holdings in United States Commodity Index Fund by 16.3% in the third quarter. Envestnet Asset Management Inc. now owns 3,326 shares of the company’s stock worth $259,000 after acquiring an additional 466 shares in the last quarter.

About United States Commodity Index Fund

The United States Commodity Index Fund, LP (USCI) is an exchange-traded fund that is based on the SummerHaven Dynamic Commodity index. The fund tracks an equal-weighted index of 14 commodity futures contracts selected based on their level of backwardation and price momentum. USCI was launched on Aug 10, 2010 and is managed by US Commodity Funds.