United States Commodity Index Fund (NYSEARCA:USCI) Shares Pass Above 50-Day Moving Average – What’s Next?

United States Commodity Index Fund (NYSEARCA:USCI)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $96.86 and traded as high as $99.14. United States Commodity Index Fund shares last traded at $98.98, with a volume of 9,486 shares.

United States Commodity Index Fund Trading Up 0.5%

The stock’s 50 day moving average price is $96.86 and its two-hundred day moving average price is $93.44. The firm has a market capitalization of $361.28 million, a price-to-earnings ratio of 29.98 and a beta of 0.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC increased its holdings in United States Commodity Index Fund by 1.4% during the 1st quarter. Kestra Advisory Services LLC now owns 8,304 shares of the company’s stock worth $792,000 after purchasing an additional 112 shares during the last quarter. WealthShield Partners LLC boosted its stake in shares of 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 buying an additional 151 shares during the last quarter. Asset Dedication LLC boosted its stake in shares of United States Commodity Index Fund by 4.3% during the 4th quarter. Asset Dedication LLC now owns 8,666 shares of the company’s stock valued at $673,000 after buying an additional 356 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of United States Commodity Index Fund during the 2nd quarter valued at approximately $29,000. Finally, Western Wealth Management LLC acquired a new stake in shares of United States Commodity Index Fund during the first quarter worth approximately $44,000.

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.