Short Interest in United States Commodity Index Fund (NYSEARCA:USCI) Increases By 65.2%

United States Commodity Index Fund (NYSEARCA:USCI) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 45,852 shares, an increase of 65.2% from the August 15th total of 27,748 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 16,147 shares, the days-to-cover ratio is currently 2.8 days.

United States Commodity Index Fund Stock Down 1.0%

Shares of NYSEARCA:USCI opened at $110.56 on Thursday. United States Commodity Index Fund has a twelve month low of $75.87 and a twelve month high of $111.86. The stock’s 50 day moving average is $103.59 and its 200-day moving average is $98.38. The firm has a market capitalization of $338.31 million, a price-to-earnings ratio of 29.98 and a beta of 0.14.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new position in shares of United States Commodity Index Fund during the first quarter valued at about $44,000. Cetera Investment Advisers raised its holdings in shares of United States Commodity Index Fund by 32.8% in the 1st quarter. Cetera Investment Advisers now owns 39,382 shares of the company’s stock worth $3,754,000 after acquiring an additional 9,727 shares during the last quarter. Fifth Third Bancorp bought a new position in United States Commodity Index Fund in the 1st quarter valued at about $57,000. Grove Bank & Trust bought a new position in United States Commodity Index Fund in the 2nd quarter valued at about $93,000. Finally, WealthShield Partners LLC boosted its stake 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 valued at $1,281,000 after purchasing an additional 151 shares during the last quarter.

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.