United States Commodity Index Fund (NYSEARCA:USCI) Short Interest Update

United States Commodity Index Fund (NYSEARCA:USCI) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 27,748 shares, an increase of 100.6% from the July 30th total of 13,832 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,205 shares, the short-interest ratio is presently 2.1 days.

Institutional Trading of United States Commodity Index Fund

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE acquired a new position in United States Commodity Index Fund in the second quarter valued at about $29,000. Western Wealth Management LLC acquired a new stake in United States Commodity Index Fund during the first quarter worth about $44,000. Global Retirement Partners LLC grew its stake in United States Commodity Index Fund by 535.0% during the fourth quarter. Global Retirement Partners LLC now owns 635 shares of the company’s stock worth $49,000 after buying an additional 535 shares in 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. Finally, Grove Bank & Trust bought a new position in United States Commodity Index Fund in the 2nd quarter valued at about $93,000.

United States Commodity Index Fund Price Performance

NYSEARCA:USCI traded up $0.57 during trading hours on Friday, reaching $105.28. 28,646 shares of the company were exchanged, compared to its average volume of 21,044. The business has a 50 day moving average of $99.37 and a 200 day moving average of $95.83. United States Commodity Index Fund has a 1-year low of $75.87 and a 1-year high of $106.53. The company has a market capitalization of $384.27 million, a P/E ratio of 29.98 and a beta of 0.13.

United States Commodity Index Fund Company Profile

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.