United States Commodity Index Fund (NYSEARCA:USCI) Stock Price Down 0.1% – Here’s What Happened

Shares of United States Commodity Index Fund (NYSEARCA:USCI) dropped 0.1% during mid-day trading on Friday . The stock traded as low as $66.41 and last traded at $66.48. Approximately 10,325 shares were traded 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 Trading Down 0.1 %

The company has a fifty day moving average of $64.68 and a 200-day moving average of $62.69. The company has a market capitalization of $192.79 million, a price-to-earnings ratio of 25.25 and a beta of 0.15.

Institutional Investors Weigh In On United States Commodity Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can purchased a new position in shares of United States Commodity Index Fund during the 2nd quarter worth $3,244,000. Thrivent Financial for Lutherans acquired a new stake in United States Commodity Index Fund during the third quarter worth about $324,000. Flow Traders U.S. LLC raised its stake in United States Commodity Index Fund by 57.5% during the third quarter. Flow Traders U.S. LLC now owns 13,298 shares of the company’s stock worth $830,000 after purchasing an additional 4,856 shares during the period. MML Investors Services LLC raised its position in shares of United States Commodity Index Fund by 20.5% during the 3rd quarter. MML Investors Services LLC now owns 26,633 shares of the company’s stock valued at $1,662,000 after buying an additional 4,535 shares during the period. Finally, First Horizon Advisors Inc. acquired a new position in shares of United States Commodity Index Fund in the 3rd quarter valued at $95,000.

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.