United States Commodity Index Fund (NYSEARCA:USCI – Get Free Report) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 32,934 shares, a drop of 45.0% from the April 15th total of 59,861 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 28,078 shares, the short-interest ratio is presently 1.2 days.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Bank of America Corp DE bought a new position in United States Commodity Index Fund during the 2nd quarter worth $29,000. Global Retirement Partners LLC raised its position in United States Commodity Index Fund by 535.0% during the 4th quarter. Global Retirement Partners LLC now owns 635 shares of the company’s stock worth $49,000 after purchasing an additional 535 shares during the last quarter. Fifth Third Bancorp bought a new position in United States Commodity Index Fund during the 1st quarter worth $57,000. Burke & Herbert Bank & Trust Co. bought a new position in United States Commodity Index Fund during the 3rd quarter worth $201,000. Finally, Prospera Financial Services Inc bought a new position in United States Commodity Index Fund during the 4th quarter worth $201,000.
United States Commodity Index Fund Trading Down 0.2%
NYSEARCA:USCI traded down $0.20 during trading hours on Friday, hitting $101.18. 20,917 shares of the company were exchanged, compared to its average volume of 23,856. The stock has a market capitalization of $379.43 million, a price-to-earnings ratio of 29.98 and a beta of 0.14. United States Commodity Index Fund has a one year low of $69.30 and a one year high of $102.93. The company has a fifty day simple moving average of $95.97 and a 200 day simple moving average of $85.73.
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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