United States Commodity Index Fund (NYSEARCA:USCI – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $98.10 and traded as low as $93.42. United States Commodity Index Fund shares last traded at $93.99, with a volume of 28,683 shares traded.
United States Commodity Index Fund Stock Down 0.2%
The stock has a 50-day simple moving average of $98.10 and a 200-day simple moving average of $88.87. The firm has a market capitalization of $352.46 million, a PE ratio of 29.98 and a beta of 0.12.
Institutional Trading of United States Commodity Index Fund
A number of large investors have recently bought and sold shares of the company. Raymond James Financial Inc. grew its position in shares of United States Commodity Index Fund by 220.0% in the second quarter. Raymond James Financial Inc. now owns 9,342 shares of the company’s stock valued at $685,000 after purchasing an additional 6,423 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of United States Commodity Index Fund in the second quarter valued at $29,000. Envestnet Asset Management Inc. grew its position in shares of 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 valued at $259,000 after purchasing an additional 466 shares in the last quarter. Burke & Herbert Bank & Trust Co. purchased a new position in shares of United States Commodity Index Fund in the third quarter valued at $201,000. Finally, Ferguson Shapiro LLC purchased a new position in shares of United States Commodity Index Fund in the third quarter valued at $639,000.
United States Commodity Index Fund Company Profile
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.
See Also
- Five stocks we like better than United States Commodity Index Fund
- Gravity Check: Houston, SpaceX Has a Valuation Problem
- Strategy’s Bitcoin Rally Has a Hidden Engine
- Okta’s AI Moment May Be Bigger Than Investors Realize
- 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test
Receive News & Ratings for United States Commodity Index Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Commodity Index Fund and related companies with MarketBeat.com's FREE daily email newsletter.
