United States Commodity Index Fund (NYSEARCA:USCI) Shares Pass Above 50-Day Moving Average – What’s Next?

United States Commodity Index Fund (NYSEARCA:USCI)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $96.86 and traded as high as $99.14. United States Commodity Index Fund shares last traded at $98.98, with a volume of 9,486 shares changing hands.

United States Commodity Index Fund Price Performance

The company has a 50-day simple moving average of $96.86 and a two-hundred day simple moving average of $93.44. The stock has a market capitalization of $361.28 million, a price-to-earnings ratio of 29.98 and a beta of 0.13.

Institutional Trading of United States Commodity Index Fund

A number of institutional investors have recently made changes to their positions in USCI. Wells Fargo & Company MN lifted its stake in United States Commodity Index Fund by 4.3% during the fourth quarter. Wells Fargo & Company MN now owns 148,778 shares of the company’s stock valued at $11,547,000 after purchasing an additional 6,095 shares during the last quarter. Axiom Financial Strategies LLC grew its position in United States Commodity Index Fund by 1.3% in the fourth quarter. Axiom Financial Strategies LLC now owns 86,688 shares of the company’s stock worth $6,728,000 after buying an additional 1,147 shares during the last quarter. Osaic Holdings Inc. grew its position in United States Commodity Index Fund by 2.5% in the fourth quarter. Osaic Holdings Inc. now owns 82,241 shares of the company’s stock worth $6,383,000 after buying an additional 2,016 shares during the last quarter. Cetera Investment Advisers increased its holdings 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 in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of United States Commodity Index Fund by 1.7% in the fourth quarter. Royal Bank of Canada now owns 30,913 shares of the company’s stock valued at $2,399,000 after buying an additional 506 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.