United States Commodity Index Fund (NYSEARCA:USCI) Stock Price Down 0.1% – Here’s Why

United States Commodity Index Fund (NYSEARCA:USCI)’s share price was down 0.1% on Thursday . The company traded as low as $65.93 and last traded at $66.35. Approximately 7,967 shares were traded during trading, a decline of 36% from the average daily volume of 12,425 shares. The stock had previously closed at $66.44.

United States Commodity Index Fund Stock Performance

The firm has a fifty day moving average of $63.80 and a 200-day moving average of $62.32. The stock has a market capitalization of $193.01 million, a price-to-earnings ratio of 25.25 and a beta of 0.15.

Hedge Funds Weigh In On United States Commodity Index Fund

A number of institutional investors and hedge funds have recently bought and sold shares of USCI. Asset Dedication LLC grew its stake in United States Commodity Index Fund by 11.6% during the 3rd quarter. Asset Dedication LLC now owns 7,094 shares of the company’s stock valued at $443,000 after purchasing an additional 740 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of United States Commodity Index Fund during the third quarter worth approximately $95,000. 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 buying an additional 4,535 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in United States Commodity Index Fund by 57.5% in the third quarter. Flow Traders U.S. LLC now owns 13,298 shares of the company’s stock valued at $830,000 after acquiring an additional 4,856 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in United States Commodity Index Fund during the 3rd quarter valued at $324,000.

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.