United States Commodity Index Fund (NYSEARCA:USCI) Sees Significant Decline in Short Interest

United States Commodity Index Fund (NYSEARCA:USCI) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 29,810 shares, a decrease of 45.4% from the September 15th total of 54,559 shares. Based on an average daily volume of 11,547 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Trading of United States Commodity Index Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in United States Commodity Index Fund by 1,263.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,738 shares of the company’s stock valued at $1,394,000 after buying an additional 11,804 shares during the period. Cetera Investment Advisers increased its stake in shares of United States Commodity Index Fund by 32.8% during the 1st quarter. Cetera Investment Advisers now owns 39,382 shares of the company’s stock valued at $3,754,000 after acquiring an additional 9,727 shares during the last quarter. Grove Bank & Trust purchased a new position in shares of United States Commodity Index Fund during the 2nd quarter worth about $93,000. Kestra Private Wealth Services LLC lifted its holdings in shares of United States Commodity Index Fund by 19.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,903 shares of the company’s stock worth $372,000 after acquiring an additional 634 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of United States Commodity Index Fund during the 1st quarter worth about $57,000.

United States Commodity Index Fund Stock Up 1.2%

Shares of NYSEARCA:USCI traded up $1.33 during midday trading on Friday, reaching $111.16. The company’s stock had a trading volume of 10,010 shares, compared to its average volume of 19,646. The firm has a market cap of $422.41 million, a price-to-earnings ratio of 29.98 and a beta of 0.15. United States Commodity Index Fund has a 1 year low of $76.12 and a 1 year high of $111.86. The business has a 50 day moving average price of $108.03 and a 200 day moving average price of $101.18.

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.