United States Commodity Index Fund (NYSEARCA:USCI – Get Free Report)’s stock price shot up 0.7% during mid-day trading on Monday . The stock traded as high as $100.75 and last traded at $100.57. Approximately 10,046 shares were traded during mid-day trading, a decline of 56% from the average session volume of 22,675 shares. The stock had previously closed at $99.89.
United States Commodity Index Fund Price Performance
The business’s 50 day simple moving average is $96.84 and its 200 day simple moving average is $91.63. The stock has a market cap of $367.08 million, a P/E ratio of 29.98 and a beta of 0.14.
Hedge Funds Weigh In On United States Commodity Index Fund
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE acquired a new position in United States Commodity Index Fund during the second quarter worth $29,000. Western Wealth Management LLC bought a new position in shares of United States Commodity Index Fund during the first quarter valued at $44,000. Global Retirement Partners LLC boosted its stake in shares of United States Commodity Index Fund by 535.0% in the 4th quarter. Global Retirement Partners LLC now owns 635 shares of the company’s stock valued at $49,000 after purchasing an additional 535 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of United States Commodity Index Fund in the 1st quarter valued at $57,000. Finally, Grove Bank & Trust bought a new stake in shares of United States Commodity Index Fund in the 2nd quarter worth about $93,000.
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.
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