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

United States Commodity Index Fund (NYSEARCA:USCI) saw a large increase in short interest during 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. Based on an average daily volume of 13,205 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.8% of the company’s shares are short sold.

United States Commodity Index Fund Price Performance

USCI stock opened at $105.28 on Monday. The firm has a market cap of $384.27 million, a price-to-earnings ratio of 29.98 and a beta of 0.13. The company’s fifty day simple moving average is $99.37 and its 200 day simple moving average is $95.93. United States Commodity Index Fund has a 12-month low of $75.87 and a 12-month high of $106.53.

Institutional Trading of United States Commodity Index Fund

Hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC boosted its position in shares of United States Commodity Index Fund by 1.4% during the 1st quarter. Kestra Advisory Services LLC now owns 8,304 shares of the company’s stock worth $792,000 after purchasing an additional 112 shares in the last quarter. WealthShield Partners LLC increased its holdings in shares of 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 valued at $1,281,000 after acquiring an additional 151 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of United States Commodity Index Fund during the second quarter worth approximately $29,000. Western Wealth Management LLC acquired a new position in shares of United States Commodity Index Fund during the first quarter worth approximately $44,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of United States Commodity Index Fund by 16.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,326 shares of the company’s stock worth $259,000 after purchasing an additional 466 shares in the last quarter.

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.