Today, United States Commodity Index Funds Trust, which includes the United States Commodity Index Fund (NYSE Arca:USCI) and the United States Copper Index Fund (NYSE Arca:CPER), disclosed their financial statements for the month ending August 31, 2024. The monthly account statements, furnished as part of a regulatory requirement, provide insights into the funds' performance, including income, losses, and changes in net asset value.
The statements were issued as mandated by Rule 4.22 under the Commodity Exchange Act and are accessible on the funds' website. The financial details presented in the statements are not "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor are they incorporated by reference in any filings under the Securities Act of 1933, unless explicitly stated in such filings.
The United States Commodity Index Funds Trust is organized under the laws of Delaware and operates out of Walnut Creek, California. The trust and its funds are managed by United States Commodity Funds LLC, with Stuart P. Crumbaugh serving as the Chief Financial Officer.
This financial disclosure, outlined in the Form 8-K filed with the SEC today, ensures transparency and provides investors with the latest financial information regarding the commodity funds. The United States Commodity Index Funds Trust emphasizes that the information, including the financial statements, should not be interpreted as subject to the liabilities of the Securities Exchange Act of 1934.
The trust's decision to issue the financial statements aligns with its commitment to provide current and potential investors with regular updates on the funds' financial status. The information is based on a press release statement and is intended to inform stakeholders without suggesting any future performance or trends.
In other recent news, United States Commodity Index Funds Trust, which includes United States Commodity Index Fund and United States Copper Index Fund, has released their monthly financial statements for July, June, and May 2024. These statements, mandated by Rule 4.22 under the Commodity Exchange Act, offer detailed insights into the funds' income, expenses, and net asset value changes, providing transparency to investors. The reports are available on the USCI and CPER website.
The United States Commodity Index Funds Trust, managed by United States Commodity Funds LLC, operates under the Delaware jurisdiction. While the disclosed information provides a snapshot of the funds' recent performance, it is not considered "filed" under Section 18 of the Securities Exchange Act of 1934, and does not assume associated liabilities.
InvestingPro Insights
To provide additional context to the United States Commodity Index Fund's (USCI) financial disclosure, let's examine some key metrics from InvestingPro. As of the latest data, USCI has a market capitalization of $181.95 million and is currently trading near its 52-week high, with its price at 97.45% of the highest point over the past year. This aligns with the fund's positive year-to-date price total return of 11.48%.
InvestingPro Tips highlight that USCI generally trades with low price volatility, which may appeal to investors seeking stability in the commodity market. However, it's worth noting that the fund does not pay dividends to shareholders, which could be a consideration for income-focused investors.
For those interested in a deeper analysis, InvestingPro offers 3 additional tips that could provide valuable insights into USCI's performance and potential. These additional tips, along with real-time metrics, can help investors make more informed decisions about their commodity fund investments.
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