Short Interest in United States Commodity Index Fund (NYSEARCA:USCI) Drops By 53.0%

United States Commodity Index Fund (NYSEARCA:USCI) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 17,800 shares, a decline of 53.0% from the August 15th total of 37,900 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 14,800 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 14,800 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.5% of the company’s stock are short sold.

United States Commodity Index Fund Stock Up 0.4%

NYSEARCA:USCI opened at $77.50 on Friday. The firm has a market capitalization of $259.63 million, a price-to-earnings ratio of 29.98 and a beta of 0.43. United States Commodity Index Fund has a twelve month low of $59.99 and a twelve month high of $77.91. The stock’s 50 day moving average price is $75.18 and its two-hundred day moving average price is $72.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in USCI. Osaic Holdings Inc. boosted its stake in shares of United States Commodity Index Fund by 56.7% during the 2nd quarter. Osaic Holdings Inc. now owns 78,142 shares of the company’s stock worth $5,726,000 after acquiring an additional 28,262 shares during the period. Matauro LLC boosted its stake in shares of United States Commodity Index Fund by 9.7% during the 1st quarter. Matauro LLC now owns 319,587 shares of the company’s stock worth $23,050,000 after acquiring an additional 28,158 shares during the period. Cetera Investment Advisers bought a new position in shares of United States Commodity Index Fund during the 2nd quarter worth approximately $1,054,000. Envestnet Asset Management Inc. boosted its stake in shares of United States Commodity Index Fund by 142.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 24,130 shares of the company’s stock worth $1,740,000 after acquiring an additional 14,163 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of United States Commodity Index Fund during the 1st quarter worth approximately $904,000.

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.