United States Commodity Index Fund (NYSEARCA:USCI) Short Interest Up 100.6% in August

United States Commodity Index Fund (NYSEARCA:USCI) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 27,748 shares, a growth of 100.6% from the July 30th total of 13,832 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 13,205 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Investors Weigh In On United States Commodity Index Fund

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in United States Commodity Index Fund in the second quarter valued at approximately $29,000. Western Wealth Management LLC bought a new position in shares of United States Commodity Index Fund during the 1st quarter worth $44,000. Global Retirement Partners LLC grew its stake in shares of United States Commodity Index Fund by 535.0% during the 4th quarter. Global Retirement Partners LLC now owns 635 shares of the company’s stock worth $49,000 after acquiring an additional 535 shares during the period. Fifth Third Bancorp purchased a new stake in United States Commodity Index Fund in the 1st quarter worth about $57,000. Finally, Grove Bank & Trust bought a new stake in United States Commodity Index Fund in the 2nd quarter valued at about $93,000.

United States Commodity Index Fund Price Performance

Shares of NYSEARCA USCI traded up $0.57 during mid-day trading on Friday, reaching $105.28. 28,646 shares of the company’s stock were exchanged, compared to its average volume of 21,044. The firm has a market capitalization of $384.27 million, a price-to-earnings ratio of 29.98 and a beta of 0.13. United States Commodity Index Fund has a 52 week low of $75.87 and a 52 week high of $106.53. The firm has a 50-day moving average price of $99.37 and a two-hundred day moving average price of $95.93.

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.