United States Commodity Index Fund (NYSEARCA:USCI) Stock Passes Below 50 Day Moving Average of $62.37

United States Commodity Index Fund (NYSEARCA:USCI) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $62.37 and traded as low as $60.91. United States Commodity Index Fund shares last traded at $61.07, with a volume of 7,053 shares trading hands.

United States Commodity Index Fund Trading Down 0.4 %

The firm has a market capitalization of $177.10 million, a P/E ratio of 25.25 and a beta of 0.15. The stock has a 50 day simple moving average of $62.37 and a 200-day simple moving average of $60.64.

Institutional Investors Weigh In On United States Commodity Index Fund

An institutional investor recently raised its position in United States Commodity Index Fund stock. Zimmermann Investment Management & Planning LLC raised its position in shares of United States Commodity Index Fund (NYSEARCA:USCI) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,585 shares of the company’s stock after buying an additional 737 shares during the quarter. Zimmermann Investment Management & Planning LLC owned about 0.35% of United States Commodity Index Fund worth $596,000 as of its most recent SEC filing.

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.