United States Commodity Index Fund (NYSEARCA:USCI – Get Free Report)’s stock price shot up 0.7% during mid-day trading on Monday . The company traded as high as $100.75 and last traded at $100.57. 10,046 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 22,675 shares. The stock had previously closed at $99.89.
United States Commodity Index Fund Trading Up 0.5%
The stock has a market capitalization of $372.43 million, a PE ratio of 29.98 and a beta of 0.14. The firm has a 50-day moving average price of $96.81 and a 200-day moving average price of $91.79.
Institutional Trading of United States Commodity Index Fund
Several hedge funds have recently added to or reduced their stakes in the stock. Grove Bank & Trust bought a new position in shares of United States Commodity Index Fund during the 2nd quarter valued at approximately $93,000. Western Wealth Management LLC bought a new stake in shares of United States Commodity Index Fund in the first quarter valued at $44,000. Cetera Investment Advisers raised its stake in shares of United States Commodity Index Fund by 32.8% in the first quarter. Cetera Investment Advisers now owns 39,382 shares of the company’s stock valued at $3,754,000 after buying an additional 9,727 shares during the period. Fifth Third Bancorp bought a new stake in shares of United States Commodity Index Fund in the first quarter valued at $57,000. Finally, WealthShield Partners LLC lifted its position in shares of United States Commodity Index Fund by 1.1% during the 1st quarter. WealthShield Partners LLC now owns 13,436 shares of the company’s stock valued at $1,281,000 after buying an additional 151 shares during 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.
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