United States Copper Index Fund (NYSEARCA:CPER) Trading Up 0.1% – Should You Buy?

United States Copper Index Fund (NYSEARCA:CPER)’s share price was up 0.1% during mid-day trading on Monday . The stock traded as high as $31.13 and last traded at $31.11. Approximately 369,089 shares were traded during trading, an increase of 24% from the average daily volume of 296,767 shares. The stock had previously closed at $31.07.

United States Copper Index Fund Stock Performance

The stock’s 50 day simple moving average is $30.70 and its 200 day simple moving average is $30.37. The firm has a market cap of $328.21 million, a PE ratio of 3.31 and a beta of 0.52.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors raised its position in United States Copper Index Fund by 24.1% during the third quarter. Arkadios Wealth Advisors now owns 140,031 shares of the company’s stock valued at $4,201,000 after purchasing an additional 27,154 shares in the last quarter. LPL Financial LLC increased its position in shares of United States Copper Index Fund by 108.4% during the 1st quarter. LPL Financial LLC now owns 132,771 shares of the company’s stock valued at $4,196,000 after purchasing an additional 69,061 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new position in shares of United States Copper Index Fund during the 3rd quarter valued at about $3,900,000. EHP Funds Inc. purchased a new position in shares of United States Copper Index Fund during the 3rd quarter valued at about $3,330,000. Finally, Ameriprise Financial Inc. lifted its position in United States Copper Index Fund by 259.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 101,677 shares of the company’s stock worth $3,051,000 after buying an additional 73,383 shares during the last quarter.

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.