United States Commodity Index Fund (NYSEARCA:USCI) Short Interest Up 65.2% in August

United States Commodity Index Fund (NYSEARCA:USCI) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 45,852 shares, a growth of 65.2% from the August 15th total of 27,748 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 16,147 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Trading of United States Commodity Index Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Grove Bank & Trust bought a new position in United States Commodity Index Fund in the 2nd quarter valued at $93,000. Western Wealth Management LLC bought a new stake in United States Commodity Index Fund in the first quarter worth about $44,000. Cetera Investment Advisers grew its position in shares of United States Commodity Index Fund by 32.8% during the 1st quarter. Cetera Investment Advisers now owns 39,382 shares of the company’s stock valued at $3,754,000 after acquiring an additional 9,727 shares during the period. Fifth Third Bancorp purchased a new stake in shares of United States Commodity Index Fund during the 1st quarter worth approximately $57,000. Finally, WealthShield Partners LLC lifted its stake in United States Commodity Index Fund by 1.1% in the first quarter. WealthShield Partners LLC now owns 13,436 shares of the company’s stock valued at $1,281,000 after purchasing an additional 151 shares during the last quarter.

United States Commodity Index Fund Price Performance

NYSEARCA USCI opened at $110.56 on Thursday. The company has a fifty day moving average price of $103.59 and a 200-day moving average price of $98.38. The firm has a market cap of $338.31 million, a price-to-earnings ratio of 29.98 and a beta of 0.14. United States Commodity Index Fund has a 1 year low of $75.87 and a 1 year high of $111.86.

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.