United States Commodity Index Fund (NYSEARCA:USCI) Trading Down 0.1% – What’s Next?

Shares of United States Commodity Index Fund (NYSEARCA:USCI) fell 0.1% during trading on Friday . The company traded as low as $66.41 and last traded at $66.48. 10,325 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 11,712 shares. The stock had previously closed at $66.53.

United States Commodity Index Fund Stock Down 0.1 %

The firm has a 50 day moving average price of $64.68 and a 200 day moving average price of $62.69. The stock has a market cap of $192.79 million, a PE ratio of 25.25 and a beta of 0.15.

Institutional Investors Weigh In On United States Commodity Index Fund

A number of institutional investors have recently added to or reduced their stakes in USCI. First Horizon Advisors Inc. acquired a new stake in United States Commodity Index Fund in the third quarter worth about $95,000. Thrivent Financial for Lutherans purchased a new position in shares of United States Commodity Index Fund in the third quarter worth $324,000. Asset Dedication LLC lifted its stake in shares of United States Commodity Index Fund by 14.1% during the second quarter. Asset Dedication LLC now owns 6,354 shares of the company’s stock worth $395,000 after buying an additional 787 shares during the period. Flow Traders U.S. LLC grew its holdings in shares of United States Commodity Index Fund by 57.5% during the third quarter. Flow Traders U.S. LLC now owns 13,298 shares of the company’s stock valued at $830,000 after buying an additional 4,856 shares during the last quarter. Finally, MML Investors Services LLC increased its position in shares of United States Commodity Index Fund by 20.5% in the 3rd quarter. MML Investors Services LLC now owns 26,633 shares of the company’s stock valued at $1,662,000 after acquiring an additional 4,535 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.