United States Commodity Index Fund (NYSEARCA:USCI – Get Free Report)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $98.10 and traded as low as $93.42. United States Commodity Index Fund shares last traded at $93.99, with a volume of 28,683 shares traded.
United States Commodity Index Fund Price Performance
The stock has a fifty day moving average of $98.10 and a 200 day moving average of $88.87. The firm has a market capitalization of $352.46 million, a P/E ratio of 29.98 and a beta of 0.12.
Institutional Trading of United States Commodity Index Fund
A number of large investors have recently bought and sold shares of USCI. Raymond James Financial Inc. increased its position in United States Commodity Index Fund by 220.0% in the second quarter. Raymond James Financial Inc. now owns 9,342 shares of the company’s stock worth $685,000 after buying an additional 6,423 shares during the last quarter. Bank of America Corp DE purchased a new stake in United States Commodity Index Fund in the second quarter worth $29,000. Envestnet Asset Management Inc. increased its position in United States Commodity Index Fund by 16.3% in 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 last quarter. Burke & Herbert Bank & Trust Co. purchased a new stake in United States Commodity Index Fund in the third quarter worth $201,000. Finally, Ferguson Shapiro LLC purchased a new stake in United States Commodity Index Fund in the third quarter worth $639,000.
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.
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