United States Commodity Index Fund (NYSEARCA:USCI) Short Interest Down 45.0% in April

United States Commodity Index Fund (NYSEARCA:USCI) saw a large drop in short interest in the month of 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. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 28,078 shares, the days-to-cover ratio is presently 1.2 days.

United States Commodity Index Fund Stock Performance

Shares of USCI traded up $0.33 on Monday, reaching $101.51. The stock had a trading volume of 19,944 shares, compared to its average volume of 23,814. The firm has a market capitalization of $380.66 million, a price-to-earnings ratio of 29.98 and a beta of 0.14. The company has a 50-day simple moving average of $96.23 and a 200-day simple moving average of $85.95. United States Commodity Index Fund has a 12-month low of $69.30 and a 12-month high of $102.93.

Institutional Trading of United States Commodity Index Fund

Several large investors have recently modified their holdings of the company. Raymond James Financial Inc. grew its holdings in United States Commodity Index Fund by 220.0% during the second quarter. Raymond James Financial Inc. now owns 9,342 shares of the company’s stock valued at $685,000 after purchasing an additional 6,423 shares during the period. Bank of America Corp DE bought a new position in shares of United States Commodity Index Fund during the second quarter valued at approximately $29,000. Envestnet Asset Management Inc. lifted its holdings in United States Commodity Index Fund by 16.3% during the third quarter. Envestnet Asset Management Inc. now owns 3,326 shares of the company’s stock worth $259,000 after buying an additional 466 shares during the period. Burke & Herbert Bank & Trust Co. purchased a new stake in United States Commodity Index Fund during the third quarter worth $201,000. Finally, Ferguson Shapiro LLC purchased a new stake in United States Commodity Index Fund during the third quarter worth $639,000.

About United States Commodity Index Fund

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.