United States Commodity Index Fund (NYSEARCA:USCI) Short Interest Up 92.1% in September

United States Commodity Index Fund (NYSEARCA:USCI) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 34,200 shares, a growth of 92.1% from the August 31st total of 17,800 shares. Based on an average daily trading volume, of 13,800 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 13,800 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On United States Commodity Index Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its holdings in United States Commodity Index Fund by 56.7% in the 2nd quarter. Osaic Holdings Inc. now owns 78,142 shares of the company’s stock valued at $5,726,000 after purchasing an additional 28,262 shares in the last quarter. Matauro LLC raised its stake in shares of United States Commodity Index Fund by 9.7% during the 1st quarter. Matauro LLC now owns 319,587 shares of the company’s stock worth $23,050,000 after buying an additional 28,158 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of United States Commodity Index Fund in the second quarter valued at about $1,054,000. Envestnet Asset Management Inc. lifted its stake in United States Commodity Index Fund by 142.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 24,130 shares of the company’s stock valued at $1,740,000 after buying an additional 14,163 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of United States Commodity Index Fund during the first quarter valued at $904,000.

United States Commodity Index Fund Price Performance

Shares of USCI opened at $77.76 on Tuesday. The stock has a market cap of $272.16 million, a PE ratio of 29.98 and a beta of 0.43. The firm has a fifty day moving average price of $76.17 and a 200 day moving average price of $73.28. United States Commodity Index Fund has a 1-year low of $61.60 and a 1-year high of $78.97.

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.