United States Commodity Index Fund (NYSEARCA:USCI) Share Price Passes Below 50 Day Moving Average – What’s Next?

United States Commodity Index Fund (NYSEARCA:USCI) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $68.92 and traded as low as $68.43. United States Commodity Index Fund shares last traded at $69.31, with a volume of 18,673 shares changing hands.

United States Commodity Index Fund Stock Performance

The company has a 50 day moving average price of $68.92 and a 200 day moving average price of $65.03. The company has a market capitalization of $211.40 million, a price-to-earnings ratio of 36.24 and a beta of 0.40.

Hedge Funds Weigh In On United States Commodity Index Fund

Large investors have recently modified their holdings of the company. Jane Street Group LLC raised its holdings in shares of United States Commodity Index Fund by 5.7% in the 4th quarter. Jane Street Group LLC now owns 36,575 shares of the company’s stock worth $2,413,000 after acquiring an additional 1,984 shares during the last quarter. MML Investors Services LLC increased its holdings in United States Commodity Index Fund by 35.2% during the 4th quarter. MML Investors Services LLC now owns 36,015 shares of the company’s stock worth $2,376,000 after purchasing an additional 9,382 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of United States Commodity Index Fund in the fourth quarter worth approximately $473,000. Titleist Asset Management LLC bought a new position in shares of United States Commodity Index Fund in the fourth quarter valued at approximately $214,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of United States Commodity Index Fund in the fourth quarter valued at approximately $658,000.

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.