other material
confidence high
sentiment negative
materiality 0.20
USCI and CPER report October 2023 monthly results: combined net loss of $2.7M
United States Commodity Index Funds Trust
- USCI net loss $169,083; NAV fell from $195.1M to $192.1M; NAV/share $59.10.
- CPER net loss $2,541,528; NAV fell from $136.3M to $127.1M; NAV/share $22.70.
- Combined trust net loss $2,710,611; total NAV $319.2M.
- USCI had $50K share withdrawals; CPER had net 300K share redemption (100K additions, 400K withdrawals).
- Both funds reported realized and unrealized trading losses on commodity futures.