United States Commodity Index Fund (NYSEARCA:USCI) Shares Up 0.2% – What’s Next?

Shares of United States Commodity Index Fund (NYSEARCA:USCI) traded up 0.2% on Thursday . The stock traded as high as $64.60 and last traded at $64.41. 8,022 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 12,658 shares. The stock had previously closed at $64.28.

United States Commodity Index Fund Price Performance

The business’s 50-day moving average price is $62.80 and its 200-day moving average price is $61.93. The firm has a market capitalization of $186.78 million, a PE ratio of 25.25 and a beta of 0.15.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Asset Dedication LLC boosted its stake in shares of United States Commodity Index Fund by 11.6% during the third quarter. Asset Dedication LLC now owns 7,094 shares of the company’s stock worth $443,000 after buying an additional 740 shares during the period. First Horizon Advisors Inc. purchased a new stake in United States Commodity Index Fund during the 3rd quarter valued at approximately $95,000. MML Investors Services LLC lifted its position in United States Commodity Index Fund by 20.5% during the 3rd quarter. MML Investors Services LLC now owns 26,633 shares of the company’s stock worth $1,662,000 after acquiring an additional 4,535 shares during the period. Flow Traders U.S. LLC lifted its position in United States Commodity Index Fund by 57.5% during the 3rd quarter. Flow Traders U.S. LLC now owns 13,298 shares of the company’s stock worth $830,000 after acquiring an additional 4,856 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new position in shares of United States Commodity Index Fund in the 3rd quarter valued at approximately $324,000.

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.