United States Copper Index Fund (NYSEARCA:CPER) Stock Price Down 0.1%

Shares of United States Copper Index Fund (NYSEARCA:CPER) fell 0.1% on Wednesday . The stock traded as low as $25.34 and last traded at $25.44. 83,835 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 169,973 shares. The stock had previously closed at $25.47.

United States Copper Index Fund Stock Performance

The firm’s 50-day moving average is $26.45 and its two-hundred day moving average is $26.82. The stock has a market cap of $176.60 million, a P/E ratio of 3.28 and a beta of 0.49.

Institutional Trading of United States Copper Index Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in shares of United States Copper Index Fund in the 2nd quarter valued at $402,000. Advisory Alpha LLC acquired a new position in shares of United States Copper Index Fund in the 2nd quarter valued at $255,000. Commonwealth Equity Services LLC grew its holdings in shares of 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 buying an additional 1,349 shares during the period. WESPAC Advisors LLC acquired a new position in shares of United States Copper Index Fund in the 2nd quarter valued at $606,000. Finally, Brookstone Capital Management acquired a new position in shares of United States Copper Index Fund in the 2nd quarter valued at $211,000.

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.