United States Commodity Index Fund (NYSEARCA:USCI) Stock Price Down 0% – Here’s Why

United States Commodity Index Fund (NYSEARCA:USCI) shares dropped 0% during mid-day trading on Wednesday . The company traded as low as $82.00 and last traded at $82.50. Approximately 9,962 shares traded hands during trading, a decline of 62% from the average daily volume of 26,364 shares. The stock had previously closed at $82.54.

United States Commodity Index Fund Stock Performance

The company’s 50 day moving average price is $80.01 and its 200-day moving average price is $77.93. The stock has a market cap of $292.88 million, a P/E ratio of 29.98 and a beta of 0.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of USCI. Atria Wealth Solutions Inc. lifted its position in shares of United States Commodity Index Fund by 3.9% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 4,031 shares of the company’s stock valued at $295,000 after buying an additional 150 shares during the last quarter. Pekin Hardy Strauss Inc. raised its stake in United States Commodity Index Fund by 1.0% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 27,317 shares of the company’s stock valued at $2,002,000 after acquiring an additional 260 shares during the period. WealthShield Partners LLC raised its stake in United States Commodity Index Fund by 4.2% in the 2nd quarter. WealthShield Partners LLC now owns 12,914 shares of the company’s stock valued at $946,000 after acquiring an additional 523 shares during the period. Cetera Investment Advisers purchased a new stake in United States Commodity Index Fund during the second quarter valued at about $1,054,000. Finally, Raymond James Financial Inc. boosted its position in United States Commodity Index Fund by 220.0% during the second quarter. Raymond James Financial Inc. now owns 9,342 shares of the company’s stock worth $685,000 after purchasing an additional 6,423 shares during the period.

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.