United States Commodity Index Fund (NYSEARCA:USCI) Trading Down 0.1% – Time to Sell?

United States Commodity Index Fund (NYSEARCA:USCI)’s share price traded down 0.1% on Thursday . The company traded as low as $65.93 and last traded at $66.35. 7,967 shares changed hands during mid-day 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 stock’s fifty day moving average price is $63.80 and its 200-day moving average price is $62.32. The firm has a market cap of $193.01 million, a PE ratio of 25.25 and a beta of 0.15.

Institutional Investors Weigh In On United States Commodity Index Fund

Large investors have recently added to or reduced their stakes in the business. MML Investors Services LLC lifted its stake in 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 buying an additional 4,535 shares in the last quarter. Flow Traders U.S. LLC raised its holdings in shares of United States Commodity Index Fund by 57.5% in the third quarter. Flow Traders U.S. LLC now owns 13,298 shares of the company’s stock worth $830,000 after acquiring an additional 4,856 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of United States Commodity Index Fund in the third quarter valued at $95,000. Thrivent Financial for Lutherans acquired a new stake in shares of United States Commodity Index Fund during the third quarter valued at $324,000. Finally, Asset Dedication LLC increased its position in United States Commodity Index Fund by 11.6% during the 3rd quarter. Asset Dedication LLC now owns 7,094 shares of the company’s stock worth $443,000 after purchasing an additional 740 shares in the last quarter.

United States Commodity Index Fund Company Profile

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.