United States Commodity Index Fund (NYSEARCA:USCI) Short Interest Update
by Doug Wharley · The Cerbat GemUnited States Commodity Index Fund (NYSEARCA:USCI – Get Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 9,391 shares, a drop of 71.5% from the April 30th total of 32,934 shares. Based on an average trading volume of 24,251 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are short sold.
United States Commodity Index Fund Trading Down 0.8%
Shares of USCI traded down $0.74 during midday trading on Friday, reaching $97.87. The stock had a trading volume of 7,103 shares, compared to its average volume of 23,811. The firm has a 50 day simple moving average of $97.58 and a 200-day simple moving average of $87.29. United States Commodity Index Fund has a one year low of $69.30 and a one year high of $102.93. The firm has a market cap of $367.01 million, a PE ratio of 29.98 and a beta of 0.14.
Institutional Trading of United States Commodity Index Fund
Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE acquired a new stake in shares of United States Commodity Index Fund during the 2nd quarter worth about $29,000. Western Wealth Management LLC acquired a new stake in shares of United States Commodity Index Fund during the 1st quarter worth about $44,000. Fifth Third Bancorp acquired a new stake in shares of United States Commodity Index Fund during the 1st quarter worth about $57,000. Global Retirement Partners LLC lifted its stake in shares of United States Commodity Index Fund by 535.0% during the 4th quarter. Global Retirement Partners LLC now owns 635 shares of the company’s stock worth $49,000 after buying an additional 535 shares during the last quarter. Finally, Burke & Herbert Bank & Trust Co. acquired a new stake in shares of United States Commodity Index Fund during the 3rd quarter worth about $201,000.
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.