Shares of United States Commodity Index Fund (NYSEARCA:USCI – Get Free Report) rose 0.1% on Thursday. The stock traded as high as $110.28 and last traded at $109.58. 19,400 shares changed hands during trading, a decline of 2% from the average daily volume of 19,867 shares. The stock had previously closed at $109.44.
United States Commodity Index Fund Stock Performance
The firm has a 50-day moving average of $106.71 and a 200-day moving average of $100.52. The firm has a market capitalization of $416.40 million, a P/E ratio of 29.98 and a beta of 0.15.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in USCI. Kestra Advisory Services LLC boosted its position in shares of United States Commodity Index Fund by 1.4% during the first quarter. Kestra Advisory Services LLC now owns 8,304 shares of the company’s stock valued at $792,000 after purchasing an additional 112 shares in the last quarter. WealthShield Partners LLC raised its holdings in United States Commodity Index Fund by 1.1% in the first quarter. WealthShield Partners LLC now owns 13,436 shares of the company’s stock worth $1,281,000 after purchasing an additional 151 shares in the last quarter. Western Wealth Management LLC bought a new position in United States Commodity Index Fund in the first quarter worth $44,000. Fifth Third Bancorp purchased a new position in United States Commodity Index Fund during the first quarter valued at $57,000. Finally, Kestra Private Wealth Services LLC lifted its position in United States Commodity Index Fund by 19.4% during the first quarter. Kestra Private Wealth Services LLC now owns 3,903 shares of the company’s stock valued at $372,000 after buying an additional 634 shares during the period.
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.
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