United States Commodity Index Fund (NYSEARCA:USCI) Stock Price Crosses Below 50 Day Moving Average of $54.08

Shares of United States Commodity Index Fund (NYSEARCA:USCI – Get Rating) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $54.08 and traded as low as $53.31. United States Commodity Index Fund shares last traded at $53.36, with a volume of 8,837 shares.

United States Commodity Index Fund Stock Up 0.1 %

The stock has a market capitalization of $194.76 million, a PE ratio of 25.25 and a beta of 0.43. The firm’s fifty day moving average price is $54.08 and its two-hundred day moving average price is $54.70.

Hedge Funds Weigh In On United States Commodity Index Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. TCTC Holdings LLC purchased a new stake in United States Commodity Index Fund during the first quarter valued at approximately $30,000. Captrust Financial Advisors purchased a new stake in United States Commodity Index Fund in the second quarter worth about $55,000. Money Concepts Capital Corp bought a new position in shares of United States Commodity Index Fund in the fourth quarter worth about $71,000. Frontier Wealth Management LLC purchased a new position in shares of United States Commodity Index Fund during the 1st quarter valued at about $225,000. Finally, Two Sigma Securities LLC bought a new position in shares of United States Commodity Index Fund during the 1st quarter valued at approximately $216,000.

United States Commodity Index Fund Company Profile

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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.