United States Commodity Index Fund (NYSEARCA:USCI) Shares Down 0.1%

United States Commodity Index Fund (NYSEARCA:USCI) was down 0.1% during mid-day trading on Friday . The company traded as low as $63.04 and last traded at $63.15. Approximately 30,068 shares were traded during trading, an increase of 91% from the average daily volume of 15,761 shares. The stock had previously closed at $63.22.

United States Commodity Index Fund Stock Performance

The firm has a market capitalization of $176.82 million, a price-to-earnings ratio of 25.25 and a beta of 0.21. The company has a 50-day moving average price of $60.50 and a 200-day moving average price of $58.68.

Institutional Investors Weigh In On United States Commodity Index Fund

Several hedge funds and other institutional investors have recently bought and sold shares of USCI. CWM LLC lifted its position in United States Commodity Index Fund by 835.0% in the third quarter. CWM LLC now owns 2,805 shares of the company’s stock valued at $166,000 after purchasing an additional 2,505 shares during the period. Barometer Capital Management Inc. acquired a new stake in United States Commodity Index Fund in the third quarter valued at $349,000. Kingsview Wealth Management LLC grew its position in shares of United States Commodity Index Fund by 28.7% in the third quarter. Kingsview Wealth Management LLC now owns 9,106 shares of the company’s stock valued at $539,000 after purchasing an additional 2,031 shares during the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of United States Commodity Index Fund in the third quarter valued at $592,000. Finally, Zimmermann Investment Management & Planning LLC boosted its stake in shares of United States Commodity Index Fund by 7.5% during the 4th quarter. Zimmermann Investment Management & Planning LLC now owns 10,585 shares of the company’s stock worth $596,000 after purchasing an additional 737 shares during the last quarter.

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.