United States Commodity Index Fund (NYSEARCA:USCI) Share Price Passes Below Fifty Day Moving Average of $60.81

United States Commodity Index Fund (NYSEARCA:USCI)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $60.81 and traded as low as $60.42. United States Commodity Index Fund shares last traded at $60.81, with a volume of 23,044 shares changing hands.

United States Commodity Index Fund Price Performance

The business’s 50 day moving average price is $60.81 and its 200 day moving average price is $58.78. The stock has a market capitalization of $176.33 million, a P/E ratio of 25.25 and a beta of 0.15.

Institutional Trading of United States Commodity Index Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USCI. Cambria Investment Management L.P. purchased a new stake in United States Commodity Index Fund in the third quarter worth about $11,832,000. Perigon Wealth Management LLC bought a new position in shares of United States Commodity Index Fund during the 3rd quarter valued at approximately $592,000. Barometer Capital Management Inc. bought a new stake in United States Commodity Index Fund during the 3rd quarter worth approximately $349,000. Kingsview Wealth Management LLC lifted its holdings in United States Commodity Index Fund by 28.7% during the third quarter. Kingsview Wealth Management LLC now owns 9,106 shares of the company’s stock valued at $539,000 after purchasing an additional 2,031 shares in the last quarter. Finally, Zimmermann Investment Management & Planning LLC lifted its holdings in United States Commodity Index Fund by 7.5% during the fourth quarter. Zimmermann Investment Management & Planning LLC now owns 10,585 shares of the company’s stock valued at $596,000 after purchasing an additional 737 shares in the last quarter.

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.