United States Commodity Index Fund (NYSEARCA:USCI) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

United States Commodity Index Fund (NYSEARCA:USCI)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $97.24 and traded as high as $103.01. United States Commodity Index Fund shares last traded at $102.41, with a volume of 8,392 shares traded.

United States Commodity Index Fund Trading Down 1.0%

The stock’s 50-day moving average price is $97.24 and its 200-day moving average price is $94.29. The stock has a market cap of $373.80 million, a price-to-earnings ratio of 29.98 and a beta of 0.13.

Hedge Funds Weigh In On United States Commodity Index Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC bought a new position in shares of United States Commodity Index Fund in the 1st quarter worth about $44,000. Cetera Investment Advisers boosted its position in shares of United States Commodity Index Fund by 32.8% during the 1st quarter. Cetera Investment Advisers now owns 39,382 shares of the company’s stock valued at $3,754,000 after purchasing an additional 9,727 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of United States Commodity Index Fund during the 1st quarter valued at about $57,000. WealthShield Partners LLC grew its stake in United States Commodity Index Fund by 1.1% during the first quarter. WealthShield Partners LLC now owns 13,436 shares of the company’s stock worth $1,281,000 after purchasing an additional 151 shares during the period. Finally, Kestra Advisory Services LLC grew its stake in United States Commodity Index Fund by 1.4% during the first 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 period.

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.