United States Copper Index Fund (NYSEARCA:CPER) Trading Down 1.1% – Time to Sell?

United States Copper Index Fund (NYSEARCA:CPER) fell 1.1% on Monday . The stock traded as low as $31.14 and last traded at $31.60. 247,720 shares traded hands 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 Performance

The stock has a fifty day moving average price of $29.38 and a 200-day moving average price of $27.72. The firm has a market cap of $203.37 million, a PE ratio of 3.58 and a beta of 0.65.

Hedge Funds Weigh In On United States Copper Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in CPER. Vermillion Wealth Management Inc. acquired a new position in United States Copper Index Fund during the 4th quarter worth approximately $26,000. Allworth Financial LP purchased a new stake in shares of United States Copper Index Fund during the fourth quarter valued at approximately $42,000. Creative Financial Designs Inc. ADV lifted its position in shares of United States Copper Index Fund by 1,542.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,938 shares of the company’s stock worth $49,000 after purchasing 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 fourth quarter valued at $50,000. Finally, Synergy Asset Management LLC purchased a new position in shares of United States Copper Index Fund in the fourth quarter valued at $143,000.

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.