United States Commodity Index Fund (NYSEARCA:USCI) Trading Down 0.1% – Should You Sell?

United States Commodity Index Fund (NYSEARCA:USCI)’s stock price dropped 0.1% on Friday . The stock traded as low as $66.41 and last traded at $66.48. Approximately 10,325 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 11,712 shares. The stock had previously closed at $66.53.

United States Commodity Index Fund Price Performance

The company has a market cap of $192.79 million, a PE ratio of 25.25 and a beta of 0.15. The business’s 50 day moving average is $64.68 and its 200-day moving average is $62.69.

Institutional Trading of United States Commodity Index Fund

A number of institutional investors have recently bought and sold shares of USCI. MML Investors Services LLC raised its holdings in United States Commodity Index Fund by 20.5% during the third quarter. MML Investors Services LLC now owns 26,633 shares of the company’s stock worth $1,662,000 after purchasing an additional 4,535 shares in the last quarter. Flow Traders U.S. LLC raised its stake in United States Commodity Index Fund by 57.5% during the 3rd quarter. Flow Traders U.S. LLC now owns 13,298 shares of the company’s stock worth $830,000 after acquiring an additional 4,856 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in United States Commodity Index Fund in the third quarter valued at $95,000. Thrivent Financial for Lutherans acquired a new position in United States Commodity Index Fund in the third quarter valued at $324,000. Finally, Asset Dedication LLC grew its holdings in shares of United States Commodity Index Fund by 11.6% during the third quarter. Asset Dedication LLC now owns 7,094 shares of the company’s stock worth $443,000 after purchasing an additional 740 shares during 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.