United States Commodity Index Fund (NYSEARCA:USCI) Stock Price Crosses Below 50 Day Moving Average of $62.37

Shares of United States Commodity Index Fund (NYSEARCA:USCI) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $62.37 and traded as low as $60.91. United States Commodity Index Fund shares last traded at $61.07, with a volume of 7,053 shares.

United States Commodity Index Fund Price Performance

The company has a market capitalization of $177.10 million, a price-to-earnings ratio of 25.25 and a beta of 0.15. The firm’s 50-day simple moving average is $62.37 and its two-hundred day simple moving average is $60.64.

Institutional Investors Weigh In On United States Commodity Index Fund

A hedge fund recently raised its stake in United States Commodity Index Fund stock. Zimmermann Investment Management & Planning LLC raised its stake in shares of United States Commodity Index Fund (NYSEARCA:USCI) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,585 shares of the company’s stock after buying an additional 737 shares during the quarter. Zimmermann Investment Management & Planning LLC owned about 0.35% of United States Commodity Index Fund worth $596,000 at the end of the most recent reporting 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.