United States Copper Index Fund (NYSEARCA:CPER) Shares Pass Below 200 Day Moving Average – Should You Sell?

United States Copper Index Fund (NYSEARCA:CPER)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.26 and traded as low as $25.64. United States Copper Index Fund shares last traded at $25.69, with a volume of 50,080 shares.

United States Copper Index Fund Trading Down 1.0 %

The stock’s 50-day moving average price is $27.30 and its 200-day moving average price is $27.26. The company has a market capitalization of $178.55 million, a P/E ratio of 3.28 and a beta of 0.49.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its position in United States Copper Index Fund by 16.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 9,595 shares of the company’s stock valued at $261,000 after purchasing an additional 1,349 shares during the last quarter. Apollon Wealth Management LLC lifted its position in United States Copper Index Fund by 28.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 20,720 shares of the company’s stock valued at $587,000 after purchasing an additional 4,536 shares during the last quarter. CWM LLC lifted its position in United States Copper Index Fund by 597,600.0% in the 3rd quarter. CWM LLC now owns 5,977 shares of the company’s stock valued at $169,000 after purchasing an additional 5,976 shares during the last quarter. International Assets Investment Management LLC lifted its position in United States Copper Index Fund by 2,734.9% in the 3rd quarter. International Assets Investment Management LLC now owns 6,662 shares of the company’s stock valued at $189,000 after purchasing an additional 6,427 shares during the last quarter. Finally, Beck Capital Management LLC bought a new stake in United States Copper Index Fund in the 3rd quarter valued at about $206,000.

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.