Shares of United States Copper Index Fund (NYSEARCA:CPER – Get Free Report) traded down 0.7% on Thursday . The stock traded as low as $27.08 and last traded at $27.22. 124,092 shares were traded during trading, a decline of 24% from the average session volume of 163,109 shares. The stock had previously closed at $27.41.
United States Copper Index Fund Price Performance
The business has a fifty day moving average of $26.87 and a 200-day moving average of $27.41. The stock has a market capitalization of $189.18 million, a price-to-earnings ratio of 3.28 and a beta of 0.49.
Institutional Trading of United States Copper Index Fund
A number of large investors have recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of United States Copper Index Fund by 597,600.0% during the third quarter. CWM LLC now owns 5,977 shares of the company’s stock worth $169,000 after purchasing an additional 5,976 shares during the period. Ignite Planners LLC acquired a new stake in United States Copper Index Fund during the 3rd quarter worth about $271,000. Sanctuary Advisors LLC purchased a new stake in United States Copper Index Fund during the second quarter valued at about $402,000. Advisory Alpha LLC purchased a new stake in United States Copper Index Fund during the second quarter valued at about $255,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of United States Copper Index Fund by 16.4% in 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 during the period.
About United States Copper Index Fund
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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