Short Interest in United States Commodity Index Fund (NYSEARCA:USCI) Increases By 139.3%

United States Commodity Index Fund (NYSEARCA:USCI) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 21,321 shares, an increase of 139.3% from the May 31st total of 8,910 shares. Based on an average daily volume of 26,139 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the company’s shares are short sold.

United States Commodity Index Fund Trading Down 0.0%

USCI stock traded down $0.02 during trading on Wednesday, reaching $92.62. 10,639 shares of the stock were exchanged, compared to its average volume of 23,586. The business has a 50 day moving average price of $97.42 and a 200-day moving average price of $89.83. United States Commodity Index Fund has a 1 year low of $72.75 and a 1 year high of $102.93. The firm has a market capitalization of $347.34 million, a price-to-earnings ratio of 29.98 and a beta of 0.12.

Institutional Trading of United States Commodity Index Fund

Several institutional investors have recently made changes to their positions in the company. Axiom Financial Strategies LLC acquired a new position in United States Commodity Index Fund in the third quarter valued at approximately $6,663,000. Citadel Advisors LLC increased its stake in United States Commodity Index Fund by 157.0% during the third quarter. Citadel Advisors LLC now owns 5,072 shares of the company’s stock worth $395,000 after acquiring an additional 13,972 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in United States Commodity Index Fund in the third quarter valued at $868,000. Cetera Investment Advisers raised its position in United States Commodity Index Fund by 32.8% in the first quarter. Cetera Investment Advisers now owns 39,382 shares of the company’s stock valued at $3,754,000 after purchasing an additional 9,727 shares during the period. Finally, Arkansas Financial Group Inc. raised its position in United States Commodity Index Fund by 259.2% in the fourth quarter. Arkansas Financial Group Inc. now owns 13,042 shares of the company’s stock valued at $1,012,000 after purchasing an additional 9,411 shares during the period.

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.