other material
confidence high
sentiment negative
materiality 0.30
USCI and CPER report net losses for February 2024; NAV per share declines
United States Commodity Index Funds Trust
- USCI net loss of $1.97M; NAV per share fell from $59.33 to $57.56 on 2.75M shares.
- CPER net loss of $2.28M; NAV per share dropped from $25.01 to $23.92 on 5.25M shares.
- Combined trust net loss of $4.25M; total NAV declined to $283.87M from $294.46M.
- USCI had a 50,000-share withdrawal; CPER had 150,000 shares added and 300,000 withdrawn.
- Losses driven by unrealized losses on commodity futures of $5.44M across funds.