United States Commodity Index Fund (NYSEARCA:USCI) Sees Significant Decline in Short Interest

United States Commodity Index Fund (NYSEARCA:USCI) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 9,391 shares, a decrease of 71.5% from the April 30th total of 32,934 shares. Based on an average daily volume of 24,251 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On United States Commodity Index Fund

Several large investors have recently bought and sold shares of the stock. Western Wealth Management LLC purchased a new stake in United States Commodity Index Fund during the 1st quarter worth about $44,000. Cetera Investment Advisers increased its holdings in United States Commodity Index Fund by 32.8% during the 1st quarter. Cetera Investment Advisers now owns 39,382 shares of the company’s stock worth $3,754,000 after purchasing an additional 9,727 shares during the period. Fifth Third Bancorp purchased a new stake in United States Commodity Index Fund during the 1st quarter worth about $57,000. WealthShield Partners LLC increased its holdings in United States Commodity Index Fund by 1.1% during the 1st quarter. WealthShield Partners LLC now owns 13,436 shares of the company’s stock worth $1,281,000 after purchasing an additional 151 shares during the period. Finally, Kestra Advisory Services LLC increased its holdings 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 valued at $792,000 after acquiring an additional 112 shares during the last quarter.

United States Commodity Index Fund Stock Down 0.8%

NYSEARCA USCI traded down $0.74 during trading hours on Friday, hitting $97.87. 7,103 shares of the company were exchanged, compared to its average volume of 23,811. The company has a 50 day moving average of $97.58 and a two-hundred day moving average of $87.23. United States Commodity Index Fund has a 52-week low of $69.30 and a 52-week high of $102.93. The firm has a market cap of $367.01 million, a price-to-earnings ratio of 29.98 and a beta of 0.14.

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.