United States Commodity Index Fund (NYSEARCA:USCI) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Shares of United States Commodity Index Fund (NYSEARCA:USCI) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $97.24 and traded as high as $103.01. United States Commodity Index Fund shares last traded at $102.41, with a volume of 8,392 shares trading hands.

United States Commodity Index Fund Stock Up 0.4%

The stock has a market cap of $375.48 million, a PE ratio of 29.98 and a beta of 0.13. The business has a 50 day moving average price of $97.36 and a 200 day moving average price of $94.35.

Institutional Investors Weigh In On United States Commodity Index Fund

Several hedge funds have recently bought and sold shares of USCI. Bank of America Corp DE purchased a new position in shares of United States Commodity Index Fund during the 2nd quarter valued at approximately $29,000. Western Wealth Management LLC purchased a new stake in United States Commodity Index Fund during the first quarter worth $44,000. Global Retirement Partners LLC boosted its holdings in 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 buying an additional 535 shares in the last quarter. Fifth Third Bancorp purchased a new stake in United States Commodity Index Fund during the first quarter worth $57,000. Finally, Grove Bank & Trust acquired a new stake in United States Commodity Index Fund during the second quarter valued at $93,000.

About United States Commodity Index Fund

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.