United States Commodity Index Fund (NYSEARCA:USCI) Stock Price Up 0.7% – Time to Buy?

Shares of United States Commodity Index Fund (NYSEARCA:USCI) shot up 0.7% on Wednesday . The company traded as high as $78.97 and last traded at $78.76. 6,614 shares changed hands during trading, a decline of 65% from the average session volume of 18,846 shares. The stock had previously closed at $78.22.

United States Commodity Index Fund Stock Up 0.7%

The company’s fifty day moving average is $77.96 and its two-hundred day moving average is $75.71. The stock has a market cap of $279.60 million, a price-to-earnings ratio of 29.98 and a beta of 0.22.

Institutional Investors Weigh In On United States Commodity Index Fund

Several institutional investors have recently modified their holdings of USCI. Bank of America Corp DE purchased a new position in United States Commodity Index Fund in the second quarter valued at $29,000. Harbour Investments Inc. purchased a new stake in United States Commodity Index Fund during the 1st quarter worth about $91,000. Burke & Herbert Bank & Trust Co. acquired a new position in shares of United States Commodity Index Fund during the 3rd quarter worth about $201,000. Fort Sheridan Advisors LLC purchased a new position in shares of United States Commodity Index Fund in the 3rd quarter valued at about $210,000. Finally, MAI Capital Management purchased a new position in shares of United States Commodity Index Fund in the 3rd quarter valued at about $217,000.

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.