United States Commodity Index Fund (NYSEARCA:USCI – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 21,321 shares, a growth of 139.3% from the May 31st total of 8,910 shares. Based on an average trading volume of 26,139 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the shares of the stock are short sold.
Institutional Investors Weigh In On United States Commodity Index Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. Matauro LLC boosted its position in shares of United States Commodity Index Fund by 1.6% during the fourth quarter. Matauro LLC now owns 337,983 shares of the company’s stock worth $26,231,000 after acquiring an additional 5,328 shares during the last quarter. Wells Fargo & Company MN lifted its stake in United States Commodity Index Fund by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 148,778 shares of the company’s stock worth $11,547,000 after purchasing an additional 6,095 shares in the last quarter. Axiom Financial Strategies LLC lifted its stake in United States Commodity Index Fund by 1.3% in the 4th quarter. Axiom Financial Strategies LLC now owns 86,688 shares of the company’s stock worth $6,728,000 after purchasing an additional 1,147 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of United States Commodity Index Fund by 2.5% during the 4th quarter. Osaic Holdings Inc. now owns 82,241 shares of the company’s stock valued at $6,383,000 after purchasing an additional 2,016 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of United States Commodity Index Fund by 32.8% during the 1st quarter. Cetera Investment Advisers now owns 39,382 shares of the company’s stock valued at $3,754,000 after purchasing an additional 9,727 shares during the last quarter.
United States Commodity Index Fund Price Performance
Shares of NYSEARCA USCI traded up $0.12 during mid-day trading on Monday, reaching $91.75. The company’s stock had a trading volume of 10,232 shares, compared to its average volume of 23,791. United States Commodity Index Fund has a 52 week low of $72.73 and a 52 week high of $102.93. The stock has a fifty day moving average of $97.55 and a two-hundred day moving average of $89.64. The firm has a market capitalization of $344.04 million, a PE ratio of 29.98 and a beta of 0.12.
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.
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