United States Commodity Index Fund (NYSEARCA:USCI) Shares Up 0.3%

Shares of United States Commodity Index Fund (NYSEARCA:USCI) rose 0.3% during mid-day trading on Monday . The stock traded as high as $60.09 and last traded at $60.07. Approximately 6,449 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 13,114 shares. The stock had previously closed at $59.91.

United States Commodity Index Fund Trading Down 0.2 %

The stock has a market cap of $173.74 million, a P/E ratio of 25.25 and a beta of 0.15. The company’s 50 day moving average price is $61.61 and its two-hundred day moving average price is $60.98.

Institutional Investors Weigh In On United States Commodity Index Fund

An institutional investor recently bought a new position in United States Commodity Index Fund stock. Bank of Montreal Can acquired a new position in United States Commodity Index Fund (NYSEARCA:USCI) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 53,124 shares of the company’s stock, valued at approximately $3,244,000. Bank of Montreal Can owned 1.83% of United States Commodity Index Fund as of its most recent SEC filing.

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.