United States Copper Index Fund (NYSEARCA:CPER – Get Free Report)’s share price was up 1.6% during mid-day trading on Tuesday . The company traded as high as $40.75 and last traded at $40.60. Approximately 621,526 shares traded hands during trading, a decline of 46% from the average daily volume of 1,149,446 shares. The stock had previously closed at $39.96.
United States Copper Index Fund Stock Performance
The business’s 50 day simple moving average is $37.00 and its 200-day simple moving average is $35.57. The stock has a market capitalization of $819.94 million, a price-to-earnings ratio of 3.31 and a beta of 0.46.
Institutional Trading of United States Copper Index Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Webster Bank N. A. raised its position in shares of United States Copper Index Fund by 70.0% during the 1st quarter. Webster Bank N. A. now owns 850 shares of the company’s stock worth $29,000 after buying an additional 350 shares in the last quarter. UBS Group AG raised its position in shares of United States Copper Index Fund by 0.9% during the 4th quarter. UBS Group AG now owns 85,382 shares of the company’s stock worth $2,985,000 after buying an additional 735 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of United States Copper Index Fund by 1.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 53,837 shares of the company’s stock worth $1,854,000 after buying an additional 750 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of United States Copper Index Fund during the 1st quarter worth about $30,000. Finally, Creative Financial Designs Inc. ADV raised its position in shares of United States Copper Index Fund by 45.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,820 shares of the company’s stock worth $85,000 after buying an additional 882 shares in 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.
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