United States Commodity Index Fund (NYSEARCA:USCI) Trading Up 1.2%

United States Commodity Index Fund (NYSEARCA:USCI) shot up 1.2% during trading on Monday . The company traded as high as $59.38 and last traded at $59.30. 6,720 shares traded hands during trading, a decline of 48% from the average session volume of 12,837 shares. The stock had previously closed at $58.60.

United States Commodity Index Fund Trading Up 1.2 %

The company’s fifty day moving average is $61.06 and its 200-day moving average is $61.27. The firm has a market capitalization of $171.97 million, a P/E ratio of 25.25 and a beta of 0.15.

Hedge Funds Weigh In On United States Commodity Index Fund

A hedge fund recently bought a new stake in United States Commodity Index Fund stock. Bank of Montreal Can purchased a new stake in United States Commodity Index Fund (NYSEARCA:USCI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 53,124 shares of the company’s stock, valued at approximately $3,244,000. Bank of Montreal Can owned approximately 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.