United States Commodity Funds Set To Begin Trading The United States Commodity Index Fund ETV (USCI) Tomorrow August 10th
United States Commodity Funds is set to begin trading the “United States Commodity Index Fund” ETV (NYSE:USCI) tomorrow August 10th. United States Commodity Index Fund (“USCI”) is a commodity pool that is a series of United States Commodity Index Funds Trust (“Trust”), a Delaware statutory trust. USCI will issue common units representing fractional undivided beneficial interests in USCI, called “Units.” USCI intends to continuously offer creation baskets consisting of 100,000 Units to “Authorized Purchasers” (as defined below) through [ALPS Distributors, Inc.], which is the marketing agent for Units of USCI (the “Marketing Agent”). Authorized Purchasers, in turn, may offer to the public Units of any baskets it creates. [Name of Initial AP] is expected to be the initial Authorized Purchaser. USCI’s Units are expected to trade on the secondary market on the NYSE Arca exchange (“NYSE Arca”) and may trade in the secondary market at prices that are lower or higher than their net asset value per Unit. USCI Units will be listed on the NYSE Arca under the symbol “[ ].”
The investment objective of USCI is to have the daily changes in percentage terms of the Units’ net asset value reflect the daily changes in percentage terms of the SummerHaven Dynamic Commodity Index (“SDCI”) Total Return (the “Index”), less USCI’s expenses. The Index is designed to reflect the performance of a diversified group of commodities. The Index is owned and maintained by SummerHaven Index Management, LLC (“SummerHaven Indexing”), and calculated and published by Bloomberg, L.P. (“Bloomberg”). The Index was developed based upon academic research by Yale University professors Gary B. Gorton and K. Geert Rouwenhorst, and the University of Tokyo professor Fumio Kayashi. USCI’s sponsor is United States Commodity Funds LLC (the “Sponsor”), a Delaware limited liability company that is registered as a commodity pool operator with the Commodity Futures Trading Commission (“CFTC”) and a member of the National Futures Association (“NFA”). The Sponsor controls the operations of USCI. USCI’s trading advisor is SummerHaven Investment Management, LLC (“SummerHaven”), a Delaware limited liability company that is registered as a commodity trading advisor and a commodity pool operator with the CFTC and is a member of the NFA. SummerHaven provides advisory services to the Sponsor with respect to the Index and the investment decisions of USCI.
Full fund information will be available: HERE
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United States Commodity Funds currently offers eight funds:
- The United States Oil Fund, LP (NYSE:USO) is an exchange-traded security designed to track the changes in the price of oil, as measured by the changes in the price of the futures contract on light, sweet crude oil traded on NYMEX, that is the near month contract to expire.
- The United States 12 Month Oil Fund, LP (NYSE:USL) is an exchange-traded security designed to track the changes in the price of oil, as measured by the changes in the average of the prices of 12 futures contracts on crude oil traded on the NYMEX, that is the near month contract to expire and the contracts for the following eleven months, for a total of 12 consecutive months’ contracts.
- The United States Short Oil Fund, LP (NYSE:DNO) is an exchange-traded security is designed to inversely reflect the movements in the price of light, sweet crude oil as measured by the changes in the price of the futures contract on light, sweet crude oil as traded on the NYMEX, that is the near month contract to expire.
- The United States Natural Gas Fund, LP (NYSE:UNG) is an exchange-traded security designed to track the changes in the price of natural gas, as measured by the changes in the price of the futures contract on natural gas traded on the NYMEX, that is the near month contract to expire.
- The United States 12 Month Natural Gas Fund, LP (NYSE:UNL) is an exchange-traded security designed to track the changes in the price of natural gas, as measured by the changes in the average of the prices of 12 futures contracts on natural gas traded on the NYMEX, that is the near month contract to expire and the contracts for the following eleven months, for a total of 12 consecutive months’ contracts.
- The United States Gasoline Fund, LP (NYSE:UGA) is an exchange-traded security designed to track the changes in the price of gasoline, as measured by the changes in the price of the futures contract on gasoline traded on the NYMEX, that is the near month contract to expire.
- The United States Heating Oil Fund, LP (NYSE:UHN) is an exchange-traded security designed to track the changes in the price of heating oil, as measured by the changes in the price of the futures contract on heating oil traded on the NYMEX, that is the near month contract to expire.
- The United States Brent Oil Fund, LP, (NYSE:BNO) is a domestic exchange traded security designed to track the movements of Brent crude oil.



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