United States Commodity Index Fund (NYSEARCA:USCI) Stock Price Down 0.1% – Should You Sell?

United States Commodity Index Fund (NYSEARCA:USCI) fell 0.1% on Wednesday . The company traded as low as $78.78 and last traded at $78.89. 3,361 shares were traded during mid-day trading, a decline of 82% from the average session volume of 18,344 shares. The stock had previously closed at $78.96.

United States Commodity Index Fund Stock Performance

The firm has a 50-day moving average of $78.24 and a 200-day moving average of $76.48. The firm has a market capitalization of $280.06 million, a P/E ratio of 29.98 and a beta of 0.22.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in United States Commodity Index Fund in the 2nd quarter worth $29,000. Burke & Herbert Bank & Trust Co. purchased a new stake in shares of United States Commodity Index Fund during the third quarter worth about $201,000. Fort Sheridan Advisors LLC purchased a new stake in shares of United States Commodity Index Fund during the third quarter worth about $210,000. MAI Capital Management bought a new stake in shares of United States Commodity Index Fund in the third quarter worth about $217,000. Finally, Envestnet Asset Management Inc. increased its holdings in United States Commodity Index Fund by 16.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,326 shares of the company’s stock valued at $259,000 after purchasing an additional 466 shares during the period.

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.