United States Commodity Index Fund (NYSEARCA:USCI) Trading Up 0.3%

Shares of United States Commodity Index Fund (NYSEARCA:USCI) rose 0.3% on Monday . The stock traded as high as $60.09 and last traded at $60.07. Approximately 6,449 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 13,114 shares. The stock had previously closed at $59.91.

United States Commodity Index Fund Price Performance

The company has a 50 day moving average price of $61.69 and a two-hundred day moving average price of $60.97. The stock has a market cap of $174.20 million, a PE ratio of 25.25 and a beta of 0.15.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in United States Commodity Index Fund stock. Bank of Montreal Can purchased a new stake in shares of United States Commodity Index Fund (NYSEARCA:USCI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 53,124 shares of the company’s stock, valued at approximately $3,244,000. Bank of Montreal Can owned 1.83% of United States Commodity Index Fund as of its most recent filing with the Securities & Exchange Commission.

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.