United States Commodity Index Fund (NYSEARCA:USCI) Trading Down 0.1%

United States Commodity Index Fund (NYSEARCA:USCI)’s stock price dropped 0.1% during trading on Friday . The stock traded as low as $63.04 and last traded at $63.15. Approximately 30,068 shares traded hands during trading, an increase of 91% from the average daily volume of 15,761 shares. The stock had previously closed at $63.22.

United States Commodity Index Fund Price Performance

The stock has a market capitalization of $176.82 million, a price-to-earnings ratio of 25.25 and a beta of 0.21. The company has a 50-day simple moving average of $60.50 and a two-hundred day simple moving average of $58.68.

Institutional Trading of United States Commodity Index Fund

Several hedge funds have recently added to or reduced their stakes in USCI. Zimmermann Investment Management & Planning LLC increased its stake in United States Commodity Index Fund by 7.5% during the 4th quarter. Zimmermann Investment Management & Planning LLC now owns 10,585 shares of the company’s stock valued at $596,000 after buying an additional 737 shares during the period. Cambria Investment Management L.P. acquired a new position in shares of United States Commodity Index Fund during the third quarter valued at approximately $11,832,000. Kingsview Wealth Management LLC increased its stake in shares of United States Commodity Index Fund by 28.7% during the third quarter. Kingsview Wealth Management LLC now owns 9,106 shares of the company’s stock valued at $539,000 after acquiring an additional 2,031 shares during the period. Barometer Capital Management Inc. bought a new stake in United States Commodity Index Fund during the third quarter worth approximately $349,000. Finally, Perigon Wealth Management LLC acquired a new stake in United States Commodity Index Fund in the third quarter worth approximately $592,000.

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.