United States Commodity Index Fund (NYSEARCA:USCI – Get Free Report)’s share price rose 0.1% on Thursday. The stock traded as high as $110.28 and last traded at $109.58. Approximately 19,400 shares traded hands during trading, a decline of 2% from the average session volume of 19,867 shares. The stock had previously closed at $109.44.
United States Commodity Index Fund Stock Performance
The firm has a 50-day moving average price of $106.89 and a 200-day moving average price of $100.59. The stock has a market cap of $418.76 million, a P/E ratio of 29.98 and a beta of 0.15.
Institutional Trading of United States Commodity Index Fund
Several hedge funds have recently bought and sold shares of USCI. Kestra Advisory Services LLC raised its stake in United States Commodity Index Fund by 1.4% during the first quarter. Kestra Advisory Services LLC now owns 8,304 shares of the company’s stock valued at $792,000 after purchasing an additional 112 shares in the last quarter. WealthShield Partners LLC raised 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 in the last quarter. Western Wealth Management LLC purchased a new stake in shares of United States Commodity Index Fund during the 1st quarter valued at about $44,000. Fifth Third Bancorp bought a new position in shares of United States Commodity Index Fund in the 1st quarter valued at about $57,000. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of United States Commodity Index Fund by 19.4% in the 1st quarter. Kestra Private Wealth Services LLC now owns 3,903 shares of the company’s stock valued at $372,000 after acquiring an additional 634 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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