United States Copper Index Fund (NYSEARCA:CPER – Get Free Report)’s stock price rose 3.2% on Thursday . The stock traded as high as $29.02 and last traded at $28.97. Approximately 234,233 shares were traded during mid-day trading, an increase of 42% from the average daily volume of 164,500 shares. The stock had previously closed at $28.06.
United States Copper Index Fund Price Performance
The firm has a market capitalization of $201.34 million, a price-to-earnings ratio of 3.28 and a beta of 0.49. The business’s 50 day moving average price is $26.09 and its 200-day moving average price is $27.10.
Institutional Trading of United States Copper Index Fund
Several hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC boosted its holdings in United States Copper Index Fund by 16.4% during the second quarter. Commonwealth Equity Services LLC now owns 9,595 shares of the company’s stock worth $261,000 after buying an additional 1,349 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of United States Copper Index Fund during the 1st quarter worth approximately $57,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of United States Copper Index Fund by 3.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 125,100 shares of the company’s stock worth $3,143,000 after acquiring an additional 4,100 shares during the period. Brookstone Capital Management acquired a new stake in shares of United States Copper Index Fund in the 2nd quarter worth approximately $211,000. Finally, Advisory Alpha LLC purchased a new position in United States Copper Index Fund in the 2nd quarter valued at approximately $255,000.
United States Copper Index Fund Company Profile
The United States Copper Index Fund, LP (CPER) is an exchange-traded fund that is based on the SummerHaven Copper index. The fund tracks a rules-based index of copper futures contracts selected based on the shape of the copper futures curve. CPER was launched on Nov 15, 2011 and is managed by US Commodity Funds.
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