Shares of United States Commodity Index Fund (NYSEARCA:USCI – Get Free Report) fell 0% during trading on Thursday. The company traded as low as $103.30 and last traded at $103.48. 52,281 shares changed hands during trading, an increase of 167% from the average session volume of 19,584 shares. The stock had previously closed at $103.50.
United States Commodity Index Fund Stock Performance
The business’s 50 day moving average price is $109.34 and its two-hundred day moving average price is $98.33. The company has a market capitalization of $403.57 million, a price-to-earnings ratio of 29.98 and a beta of 0.12.
Institutional Investors Weigh In On United States Commodity Index Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in USCI. Kestra Advisory Services LLC raised its stake in shares of United States Commodity Index Fund by 1.4% in the 1st quarter. Kestra Advisory Services LLC now owns 8,304 shares of the company’s stock worth $792,000 after buying an additional 112 shares in the last quarter. WealthShield Partners LLC lifted its holdings in shares of United States Commodity Index Fund by 1.1% in the first quarter. WealthShield Partners LLC now owns 13,436 shares of the company’s stock valued at $1,281,000 after buying an additional 151 shares during the period. Root Financial Partners LLC bought a new position in United States Commodity Index Fund during the third quarter valued at about $26,000. Western Wealth Management LLC bought a new position in United States Commodity Index Fund during the first quarter valued at about $44,000. Finally, William Mack & Associates Inc. bought a new position in United States Commodity Index Fund during the third quarter valued at about $60,000.
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.
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