United States Commodity Index Fund (NYSEARCA:USCI) Stock Passes Below 50-Day Moving Average – Time to Sell?

United States Commodity Index Fund (NYSEARCA:USCI) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $98.10 and traded as low as $93.42. United States Commodity Index Fund shares last traded at $93.99, with a volume of 28,683 shares trading hands.

United States Commodity Index Fund Stock Down 0.7%

The firm has a market capitalization of $348.30 million, a PE ratio of 29.98 and a beta of 0.12. The business’s fifty day moving average price is $97.98 and its 200 day moving average price is $89.08.

Institutional Trading of United States Commodity Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. grew its stake in shares of United States Commodity Index Fund by 220.0% in the 2nd quarter. Raymond James Financial Inc. now owns 9,342 shares of the company’s stock valued at $685,000 after purchasing an additional 6,423 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of United States Commodity Index Fund during the second quarter worth approximately $29,000. Envestnet Asset Management Inc. raised its stake in shares of United States Commodity Index Fund by 16.3% during the third quarter. Envestnet Asset Management Inc. now owns 3,326 shares of the company’s stock worth $259,000 after purchasing an additional 466 shares during the last quarter. Burke & Herbert Bank & Trust Co. acquired a new stake in shares of United States Commodity Index Fund during the third quarter worth $201,000. Finally, Ferguson Shapiro LLC acquired a new stake in shares of United States Commodity Index Fund during the third quarter worth $639,000.

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.