United States Commodity Index Fund (NYSEARCA:USCI – Get Free Report)’s share price traded up 0.1% during mid-day trading on Thursday. The stock traded as high as $110.28 and last traded at $109.58. 19,400 shares were traded during mid-day trading, a decline of 2% from the average session volume of 19,867 shares. The stock had previously closed at $109.44.
United States Commodity Index Fund Stock Performance
The business’s 50-day moving average is $106.71 and its 200-day moving average is $100.52. The company has a market capitalization of $416.40 million, a PE ratio of 29.98 and a beta of 0.15.
Hedge Funds Weigh In On United States Commodity Index Fund
Several large investors have recently made changes to their positions in USCI. Farther Finance Advisors LLC grew its stake in shares of United States Commodity Index Fund by 1,263.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,738 shares of the company’s stock worth $1,394,000 after buying an additional 11,804 shares during the last quarter. Grove Bank & Trust purchased a new position in United States Commodity Index Fund during the second quarter valued at $93,000. Western Wealth Management LLC purchased a new position in United States Commodity Index Fund during the first quarter valued at $44,000. Cetera Investment Advisers raised its stake in United States Commodity Index Fund by 32.8% during 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 during the last quarter. Finally, Fifth Third Bancorp bought a new stake in United States Commodity Index Fund in the first quarter worth $57,000.
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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