As of September 30, 2024, the United States Commodity Index Funds Trust reported significant financial developments across its two primary series: the United States Commodity Index Fund (USCI) and the United States Copper Index Fund (CPER).

For USCI, total assets increased to $181.2 million from $169.4 million at the end of 2023. Cash and cash equivalents rose to $168.6 million, up from $159.1 million. The fund reported an unrealized gain on open commodity futures contracts of $4.8 million, a notable recovery from an unrealized loss of $3.3 million in the previous period. Total liabilities decreased to $330.5 thousand, while shareholders' equity increased to $180.9 million, leading to a rise in net asset value (NAV) per share to $62.38 from $56.34. Market value per share also increased to $62.41 from $56.28.

In the case of CPER, total assets surged to $177.7 million from $131.6 million, with cash and cash equivalents climbing to $167.5 million from $125.5 million. However, total liabilities increased to $323.4 thousand from $239.2 thousand. Shareholders' equity rose to $177.3 million, and NAV per share increased to $28.37 from $24.10, with market value per share also reflecting this growth.

Overall, the Trust's total assets reached $358.9 million, up from $301.0 million, with total capital increasing to $358.2 million. The number of shares outstanding rose to 9.15 million from 8.45 million.

In terms of income, USCI reported a total income of $664.9 thousand for the three months ended September 30, 2024, a sharp decline from $17.6 million in the same period last year. However, for the nine months, total income increased to $18.3 million from $7.4 million. Net income for the three months was $137.1 thousand, down from $17.0 million, while for the nine months, it rose to $16.8 million from $5.8 million.

CPER's performance showed a total income of $4.9 million for Q3 2024, compared to a loss of $432.0 thousand in Q3 2023, with nine-month income increasing to $21.4 million from $3.0 million. Net income for Q3 2024 was $4.4 million, a turnaround from a loss of $810.7 thousand in Q3 2023, while nine-month net income rose to $19.9 million from $1.8 million.

The Trust's investment strategies remain focused on futures contracts, with USCI holding 3,221 contracts across various exchanges and CPER holding 1,555 contracts on the COMEX. The performance of both funds has been influenced by market conditions, with commodity prices showing a strong upward trend, particularly in copper, which saw a significant increase in its index value.

The Trust continues to navigate market dynamics, including geopolitical risks and interest rate fluctuations, which may impact future performance.