United States Commodity Index Fund (the Trust) is a series trust organized into two separate series (each of the U.S. Commodity Index Fund and the U.S. Copper Index Fund is referred to as a Trust Series and collectively, the Trust Series). Each Trust Series is a commodity pool that issues shares representing fractional undivided beneficial interests in such Trust Series that may be purchased and sold on the NYSE Arca, Inc. The affairs of the Trust and each series thereof are managed by United States Commodity Funds LLC. We show 1 historical shares outstanding datapoints in our USCI shares outstanding history coverage, used to compute USCI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing USCI market cap history over the course of time is important for investors
interested in comparing USCI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of USCI versus a peer is one thing; comparing
USCI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like USCI can fluctuate over the course of history.
With this page we aim to empower investors researching USCI by allowing them to research the USCI market cap history. |
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Video: The Importance of Market Cap
