United States Commodity Index Fund (NYSEARCA:USCI) Shares Up 0.7% – Here’s Why

Shares of United States Commodity Index Fund (NYSEARCA:USCI) rose 0.7% during mid-day trading on Monday . The stock traded as high as $100.75 and last traded at $100.57. Approximately 10,046 shares were traded during trading, a decline of 56% from the average daily volume of 22,675 shares. The stock had previously closed at $99.89.

United States Commodity Index Fund Price Performance

The stock has a market capitalization of $367.08 million, a P/E ratio of 29.98 and a beta of 0.14. The company’s 50 day simple moving average is $96.84 and its two-hundred day simple moving average is $91.63.

Institutional Investors Weigh In On United States Commodity Index Fund

A number of large investors have recently bought and sold shares of USCI. Bank of America Corp DE acquired a new stake in United States Commodity Index Fund during the 2nd quarter valued at $29,000. Western Wealth Management LLC bought a new stake in shares of United States Commodity Index Fund during the first quarter worth $44,000. Global Retirement Partners LLC grew its holdings in shares of United States Commodity Index Fund by 535.0% during the fourth quarter. Global Retirement Partners LLC now owns 635 shares of the company’s stock worth $49,000 after purchasing an additional 535 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of United States Commodity Index Fund during the first quarter worth $57,000. Finally, Grove Bank & Trust acquired a new stake in shares of United States Commodity Index Fund in the second quarter valued at $93,000.

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.