United States Commodity Index Fund (NYSEARCA:USCI – Get Free Report) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 32,934 shares, a drop of 45.0% from the April 15th total of 59,861 shares. Based on an average trading volume of 28,078 shares, the short-interest ratio is currently 1.2 days. Currently, 0.9% of the company’s shares are sold short.
United States Commodity Index Fund Stock Performance
Shares of USCI stock traded down $0.20 during mid-day trading on Friday, hitting $101.18. The company’s stock had a trading volume of 20,917 shares, compared to its average volume of 23,856. The company’s fifty day simple moving average is $95.97 and its 200-day simple moving average is $85.73. United States Commodity Index Fund has a 52 week low of $69.30 and a 52 week high of $102.93. The company has a market cap of $379.43 million, a PE ratio of 29.98 and a beta of 0.14.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE bought a new position in shares of United States Commodity Index Fund in the 2nd quarter worth about $29,000. Fifth Third Bancorp bought a new position in shares of United States Commodity Index Fund in the 1st quarter worth about $57,000. Global Retirement Partners LLC raised its position in shares of United States Commodity Index Fund by 535.0% in 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 in the last quarter. Burke & Herbert Bank & Trust Co. bought a new position in shares of United States Commodity Index Fund in the 3rd quarter worth about $201,000. Finally, Prospera Financial Services Inc bought a new position in shares of United States Commodity Index Fund in the 4th quarter worth about $201,000.
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.
Recommended Stories
- Five stocks we like better than United States Commodity Index Fund
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Receive News & Ratings for United States Commodity Index Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Commodity Index Fund and related companies with MarketBeat.com's FREE daily email newsletter.
