United States Commodity Index Fund (NYSEARCA:USCI) Stock Price Down 0.1% – Here’s What Happened

Shares of United States Commodity Index Fund (NYSEARCA:USCI) fell 0.1% on Thursday . The company traded as low as $65.93 and last traded at $66.35. 7,967 shares traded hands during trading, a decline of 36% from the average session volume of 12,425 shares. The stock had previously closed at $66.44.

United States Commodity Index Fund Stock Performance

The company’s 50 day simple moving average is $63.70 and its 200-day simple moving average is $62.26. The firm has a market capitalization of $192.42 million, a PE ratio of 25.25 and a beta of 0.15.

Institutional Trading of United States Commodity Index Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Asset Dedication LLC lifted its position in United States Commodity Index Fund by 11.6% in the 3rd 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 last quarter. First Horizon Advisors Inc. bought a new stake in shares of United States Commodity Index Fund in the 3rd quarter worth approximately $95,000. MML Investors Services LLC boosted its stake 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 purchasing an additional 4,535 shares in the last quarter. Flow Traders U.S. LLC grew its holdings in shares of 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 valued at $830,000 after purchasing an additional 4,856 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in United States Commodity Index Fund in the 3rd quarter worth $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.