United States Commodity Index Fund (NYSEARCA:USCI) Stock Short Interest Drops 45.4%

United States Commodity Index Fund (NYSEARCA:USCI) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 29,810 shares, a decrease of 45.4% from the September 15th total of 54,559 shares. Based on an average daily volume of 11,547 shares, the short-interest ratio is presently 2.6 days. Currently, 0.8% of the company’s stock are short sold.

Hedge Funds Weigh In On United States Commodity Index Fund

Large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC increased its holdings in United States Commodity Index Fund by 1.4% in the first quarter. Kestra Advisory Services LLC now owns 8,304 shares of the company’s stock valued at $792,000 after buying an additional 112 shares during the last quarter. WealthShield Partners LLC raised its stake in United States Commodity Index Fund by 1.1% in the first 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 in the last quarter. Western Wealth Management LLC acquired a new stake in United States Commodity Index Fund in the first quarter valued at $44,000. Fifth Third Bancorp purchased a new stake in United States Commodity Index Fund during the 1st quarter worth about $57,000. Finally, Kestra Private Wealth Services LLC lifted its holdings in United States Commodity Index Fund by 19.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,903 shares of the company’s stock worth $372,000 after buying an additional 634 shares during the last quarter.

United States Commodity Index Fund Price Performance

Shares of USCI traded down $0.34 during midday trading on Thursday, reaching $109.90. The stock had a trading volume of 8,958 shares, compared to its average volume of 19,686. United States Commodity Index Fund has a 1-year low of $76.12 and a 1-year high of $111.86. The company’s fifty day simple moving average is $107.60 and its two-hundred day simple moving average is $101.01. The company has a market cap of $417.60 million, a price-to-earnings ratio of 29.98 and a beta of 0.15.

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.