United States Copper Index Fund Target of Unusually High Options Trading (NYSEARCA:CPER)

United States Copper Index Fund (NYSEARCA:CPER) was the recipient of unusually large options trading on Monday. Stock traders bought 5,771 call options on the stock. This represents an increase of approximately 210% compared to the average volume of 1,864 call options.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CPER. Highline Wealth Partners LLC purchased a new stake in shares of United States Copper Index Fund in the 2nd quarter worth $25,000. Farther Finance Advisors LLC lifted its stake in shares of United States Copper Index Fund by 400.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,000 shares of the company’s stock worth $32,000 after acquiring an additional 800 shares during the period. Kiker Wealth Management LLC acquired a new stake in shares of United States Copper Index Fund in the second quarter worth approximately $32,000. Armstrong Advisory Group Inc. acquired a new position in United States Copper Index Fund during the third quarter valued at approximately $35,000. Finally, Geneos Wealth Management Inc. bought a new position in United States Copper Index Fund during the second quarter valued at approximately $46,000.

United States Copper Index Fund Price Performance

Shares of NYSEARCA:CPER opened at $31.90 on Tuesday. United States Copper Index Fund has a 1 year low of $25.10 and a 1 year high of $36.69. The company has a market cap of $333.36 million, a PE ratio of 3.31 and a beta of 0.52. The stock’s 50-day moving average is $29.46 and its 200 day moving average is $30.11.

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.