United States Commodity Index Fund (NYSEARCA:USCI) Short Interest Update

United States Commodity Index Fund (NYSEARCA:USCI) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 27,748 shares, a growth of 100.6% from the July 30th total of 13,832 shares. Based on an average trading volume of 13,205 shares, the short-interest ratio is presently 2.1 days. Currently, 0.8% of the shares of the stock are short sold.

United States Commodity Index Fund Price Performance

Shares of NYSEARCA USCI traded up $0.57 during mid-day trading on Friday, hitting $105.28. 28,646 shares of the stock traded hands, compared to its average volume of 21,044. United States Commodity Index Fund has a twelve month low of $75.87 and a twelve month high of $106.53. The company has a market cap of $384.27 million, a PE ratio of 29.98 and a beta of 0.13. The firm has a 50 day simple moving average of $99.37 and a two-hundred day simple moving average of $95.83.

Institutional Trading of United States Commodity Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Grove Bank & Trust bought a new stake in shares of United States Commodity Index Fund during the second quarter worth about $93,000. Western Wealth Management LLC bought a new position in United States Commodity Index Fund in the 1st quarter valued at approximately $44,000. Cetera Investment Advisers boosted its position in United States Commodity Index Fund by 32.8% during the 1st quarter. Cetera Investment Advisers now owns 39,382 shares of the company’s stock worth $3,754,000 after buying an additional 9,727 shares during the period. Fifth Third Bancorp acquired a new stake in United States Commodity Index Fund during the 1st quarter worth approximately $57,000. Finally, WealthShield Partners LLC boosted its position in United States Commodity Index Fund by 1.1% during the 1st quarter. WealthShield Partners LLC now owns 13,436 shares of the company’s stock worth $1,281,000 after buying an additional 151 shares during the period.

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.