United States Commodity Index Fund (NYSEARCA:USCI) Stock Short Interest Drops 45.4%

United States Commodity Index Fund (NYSEARCA:USCI) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 29,810 shares, a decline of 45.4% from the September 15th total of 54,559 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 11,547 shares, the days-to-cover ratio is presently 2.6 days.

United States Commodity Index Fund Stock Down 0.3%

NYSEARCA:USCI traded down $0.34 during trading hours on Thursday, reaching $109.90. 8,958 shares of the stock were exchanged, compared to its average volume of 19,686. The business has a 50-day moving average of $107.60 and a two-hundred day moving average of $101.01. United States Commodity Index Fund has a twelve month low of $76.12 and a twelve month high of $111.86. The company has a market capitalization of $417.60 million, a price-to-earnings ratio of 29.98 and a beta of 0.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in USCI. Cetera Investment Advisers boosted its position in United States Commodity Index Fund by 32.8% in the 1st 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 period. Farther Finance Advisors LLC grew its stake in shares of United States Commodity Index Fund by 1,263.8% in the third quarter. Farther Finance Advisors LLC now owns 12,738 shares of the company’s stock worth $1,394,000 after acquiring an additional 11,804 shares in the last quarter. WealthShield Partners LLC increased its position in shares of United States Commodity Index Fund by 1.1% during the first quarter. WealthShield Partners LLC now owns 13,436 shares of the company’s stock worth $1,281,000 after acquiring an additional 151 shares during the period. Kestra Advisory Services LLC increased its position in shares of United States Commodity Index Fund by 1.4% during the first quarter. Kestra Advisory Services LLC now owns 8,304 shares of the company’s stock worth $792,000 after acquiring an additional 112 shares during the period. Finally, Kestra Private Wealth Services LLC increased its position in shares of United States Commodity Index Fund by 19.4% during the first quarter. Kestra Private Wealth Services LLC now owns 3,903 shares of the company’s stock worth $372,000 after acquiring an additional 634 shares during the period.

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.