United States Commodity Index Fund (NYSEARCA:USCI) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

United States Commodity Index Fund (NYSEARCA:USCI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $66.12 and traded as high as $72.00. United States Commodity Index Fund shares last traded at $71.45, with a volume of 24,376 shares.

United States Commodity Index Fund Trading Up 0.0 %

The company’s fifty day moving average is $70.02 and its two-hundred day moving average is $66.12. The stock has a market cap of $228.64 million, a price-to-earnings ratio of 31.73 and a beta of 0.38.

Institutional Investors Weigh In On United States Commodity Index Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Asset Dedication LLC boosted its position in United States Commodity Index Fund by 4.5% in the 4th quarter. Asset Dedication LLC now owns 7,412 shares of the company’s stock valued at $489,000 after buying an additional 318 shares during the period. Thrivent Financial for Lutherans boosted its holdings in United States Commodity Index Fund by 6.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,506 shares of the company’s stock valued at $363,000 after purchasing an additional 321 shares during the period. Rothschild Investment LLC acquired a new position in United States Commodity Index Fund during the 4th quarter worth $33,000. WealthShield Partners LLC increased its holdings in United States Commodity Index Fund by 8.4% during the 4th quarter. WealthShield Partners LLC now owns 12,328 shares of the company’s stock worth $813,000 after purchasing an additional 955 shares during the period. Finally, Jane Street Group LLC grew its position in shares of United States Commodity Index Fund by 5.7% during the fourth quarter. Jane Street Group LLC now owns 36,575 shares of the company’s stock worth $2,413,000 after buying an additional 1,984 shares in the last quarter.

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.