Short Interest in United States Commodity Index Fund (NYSEARCA:USCI) Decreases By 71.5%

United States Commodity Index Fund (NYSEARCA:USCI) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 9,391 shares, a decrease of 71.5% from the April 30th total of 32,934 shares. Based on an average daily volume of 24,251 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of United States Commodity Index Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC increased its holdings in shares of United States Commodity Index Fund by 1.4% in the 1st quarter. Kestra Advisory Services LLC now owns 8,304 shares of the company’s stock worth $792,000 after buying an additional 112 shares during the last quarter. WealthShield Partners LLC increased its holdings in shares of United States Commodity Index Fund by 1.1% in the 1st quarter. WealthShield Partners LLC now owns 13,436 shares of the company’s stock worth $1,281,000 after buying an additional 151 shares during the last quarter. Asset Dedication LLC increased its holdings in shares of United States Commodity Index Fund by 2.9% in the 3rd quarter. Asset Dedication LLC now owns 8,310 shares of the company’s stock worth $647,000 after buying an additional 236 shares during the last quarter. Bank of America Corp DE bought a new position in shares of United States Commodity Index Fund in the 2nd quarter worth $29,000. Finally, Western Wealth Management LLC bought a new position in shares of United States Commodity Index Fund in the 1st quarter worth $44,000.

United States Commodity Index Fund Stock Up 0.6%

NYSEARCA USCI opened at $98.61 on Friday. The company’s 50 day moving average is $97.53 and its 200-day moving average is $87.16. United States Commodity Index Fund has a 12-month low of $69.30 and a 12-month high of $102.93. The firm has a market cap of $369.79 million, a P/E ratio of 29.98 and a beta of 0.14.

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.