United States Copper Index Fund (NYSEARCA:CPER – Get Free Report) shares rose 1.6% during mid-day trading on Wednesday . The stock traded as high as $28.00 and last traded at $27.93. Approximately 149,318 shares traded hands during trading, an increase of 34% from the average daily volume of 111,323 shares. The stock had previously closed at $27.48.
United States Copper Index Fund Price Performance
The firm has a market cap of $200.86 million, a PE ratio of 3.28 and a beta of 0.49. The company’s 50 day moving average price is $26.46 and its 200 day moving average price is $26.57.
Institutional Trading of United States Copper Index Fund
Several hedge funds have recently modified their holdings of the stock. Allworth Financial LP acquired a new position in United States Copper Index Fund during the 4th quarter worth approximately $42,000. Synergy Asset Management LLC purchased a new stake in shares of United States Copper Index Fund during the 4th quarter worth $143,000. CWM LLC lifted its position in shares of United States Copper Index Fund by 597,600.0% during the 3rd 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 last quarter. International Assets Investment Management LLC grew its stake in shares of United States Copper Index Fund by 2,734.9% during the third quarter. International Assets Investment Management LLC now owns 6,662 shares of the company’s stock worth $189,000 after purchasing an additional 6,427 shares in the last quarter. Finally, Beck Capital Management LLC purchased a new position in United States Copper Index Fund in the third quarter valued at $206,000.
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.
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