United States Commodity Index Fund (NYSEARCA:USCI – Get Free Report)’s stock price rose 0.2% during trading on Thursday . The company traded as high as $64.60 and last traded at $64.41. Approximately 8,022 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 12,658 shares. The stock had previously closed at $64.28.
United States Commodity Index Fund Stock Up 0.9 %
The firm has a 50 day moving average of $62.90 and a 200 day moving average of $61.95. The firm has a market cap of $188.50 million, a PE ratio of 25.25 and a beta of 0.15.
Institutional Trading of United States Commodity Index Fund
Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can purchased a new stake in United States Commodity Index Fund in the 2nd quarter worth about $3,244,000. Thrivent Financial for Lutherans purchased a new stake in United States Commodity Index Fund during the third quarter valued at about $324,000. Flow Traders U.S. LLC boosted its position in United States Commodity Index Fund by 57.5% during the third quarter. Flow Traders U.S. LLC now owns 13,298 shares of the company’s stock worth $830,000 after purchasing an additional 4,856 shares during the period. MML Investors Services LLC increased its stake in shares of United States Commodity Index Fund by 20.5% in the third quarter. MML Investors Services LLC now owns 26,633 shares of the company’s stock worth $1,662,000 after purchasing an additional 4,535 shares in the last quarter. Finally, First Horizon Advisors Inc. bought a new stake in shares of United States Commodity Index Fund in the third quarter valued at approximately $95,000.
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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