United States Commodity Index Fund (NYSEARCA:USCI) Shares Pass Above 50 Day Moving Average – What’s Next?

Shares of United States Commodity Index Fund (NYSEARCA:USCI) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $96.86 and traded as high as $99.14. United States Commodity Index Fund shares last traded at $98.98, with a volume of 9,486 shares trading hands.

United States Commodity Index Fund Stock Performance

The firm has a fifty day moving average of $96.93 and a 200 day moving average of $93.62. The firm has a market capitalization of $364.60 million, a PE ratio of 29.98 and a beta of 0.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in USCI. Bank of America Corp DE purchased a new stake in United States Commodity Index Fund during the 2nd quarter worth $29,000. Western Wealth Management LLC purchased a new position in United States Commodity Index Fund in the 1st quarter valued at about $44,000. Global Retirement Partners LLC grew its stake in shares of United States Commodity Index Fund by 535.0% during the fourth quarter. Global Retirement Partners LLC now owns 635 shares of the company’s stock valued at $49,000 after acquiring an additional 535 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of United States Commodity Index Fund during the first quarter valued at about $57,000. Finally, Grove Bank & Trust acquired a new stake in shares of United States Commodity Index Fund during the second quarter valued at about $93,000.

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.