United States Copper Index Fund (NYSEARCA:CPER) Stock Price Down 1.1% – Should You Sell?

United States Copper Index Fund (NYSEARCA:CPER)’s stock price fell 1.1% during mid-day trading on Monday . The stock traded as low as $31.14 and last traded at $31.60. 247,720 shares were traded during mid-day trading, an increase of 53% from the average session volume of 161,589 shares. The stock had previously closed at $31.95.

United States Copper Index Fund Stock Down 1.1 %

The stock has a market cap of $203.82 million, a price-to-earnings ratio of 3.58 and a beta of 0.65. The stock has a 50 day simple moving average of $29.30 and a 200 day simple moving average of $27.68.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vermillion Wealth Management Inc. purchased a new stake in shares of United States Copper Index Fund in the fourth quarter worth approximately $26,000. Allworth Financial LP purchased a new stake in United States Copper Index Fund in the 4th quarter valued at about $42,000. Creative Financial Designs Inc. ADV lifted its position in shares of United States Copper Index Fund by 1,542.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,938 shares of the company’s stock worth $49,000 after buying an additional 1,820 shares in the last quarter. Basso Capital Management L.P. purchased a new position in shares of United States Copper Index Fund in the 4th quarter worth approximately $50,000. Finally, Synergy Asset Management LLC bought a new position in shares of United States Copper Index Fund in the fourth quarter valued at approximately $143,000.

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.