United States Commodity Index Fund (NYSEARCA:USCI) Stock Price Up 0.3% – Time to Buy?

United States Commodity Index Fund (NYSEARCA:USCI) shares rose 0.3% on Wednesday . The stock traded as high as $82.19 and last traded at $81.46. Approximately 45,196 shares traded hands during trading, an increase of 20% from the average daily volume of 37,777 shares. The stock had previously closed at $81.23.

United States Commodity Index Fund Stock Up 0.3%

The stock’s fifty day moving average price is $78.55 and its 200-day moving average price is $76.98. The company has a market capitalization of $293.26 million, a price-to-earnings ratio of 29.98 and a beta of 0.22.

Institutional Investors Weigh In On United States Commodity Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in USCI. Ferguson Shapiro LLC acquired a new position in United States Commodity Index Fund during the third quarter valued at approximately $639,000. MAI Capital Management acquired a new position in shares of United States Commodity Index Fund during the 3rd quarter worth approximately $217,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of United States Commodity Index Fund during the 3rd quarter worth approximately $868,000. Fort Sheridan Advisors LLC bought a new stake in shares of United States Commodity Index Fund during the 3rd quarter worth approximately $210,000. Finally, Axiom Financial Strategies LLC acquired a new stake in shares of United States Commodity Index Fund in the 3rd quarter valued at approximately $6,663,000.

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.