United States Commodity Index Fund (NYSEARCA:USCI) Short Interest Up 139.3% in June

United States Commodity Index Fund (NYSEARCA:USCI) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 21,321 shares, an increase of 139.3% from the May 31st total of 8,910 shares. Based on an average daily trading volume, of 26,139 shares, the short-interest ratio is currently 0.8 days. Approximately 0.6% of the shares of the stock are short sold.

United States Commodity Index Fund Stock Up 0.1%

NYSEARCA USCI traded up $0.12 during trading on Monday, hitting $91.75. 10,232 shares of the stock traded hands, compared to its average volume of 23,791. The company has a market capitalization of $344.04 million, a P/E ratio of 29.98 and a beta of 0.12. The firm has a 50-day simple moving average of $97.55 and a 200-day simple moving average of $89.64. United States Commodity Index Fund has a 12-month low of $72.73 and a 12-month high of $102.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of USCI. Matauro LLC increased its position in United States Commodity Index Fund by 1.6% in the fourth quarter. Matauro LLC now owns 337,983 shares of the company’s stock worth $26,231,000 after purchasing an additional 5,328 shares during the last quarter. Wells Fargo & Company MN lifted its position in United States Commodity Index Fund by 4.3% during the fourth quarter. Wells Fargo & Company MN now owns 148,778 shares of the company’s stock valued at $11,547,000 after purchasing an additional 6,095 shares during the last quarter. Axiom Financial Strategies LLC lifted its position in United States Commodity Index Fund by 1.3% during the fourth quarter. Axiom Financial Strategies LLC now owns 86,688 shares of the company’s stock valued at $6,728,000 after purchasing an additional 1,147 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of United States Commodity Index Fund by 2.5% in the 4th quarter. Osaic Holdings Inc. now owns 82,241 shares of the company’s stock worth $6,383,000 after buying an additional 2,016 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of United States Commodity Index Fund by 32.8% in the 1st quarter. Cetera Investment Advisers now owns 39,382 shares of the company’s stock worth $3,754,000 after buying an additional 9,727 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.