Shares of United States Copper Index Fund (NYSEARCA:CPER – Get Free Report) were up 0.9% on Monday . The company traded as high as $27.60 and last traded at $27.46. Approximately 114,326 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 173,986 shares. The stock had previously closed at $27.21.
United States Copper Index Fund Price Performance
The stock has a fifty day moving average price of $28.53 and a two-hundred day moving average price of $26.00. The company has a market cap of $195.30 million, a P/E ratio of 3.28 and a beta of 0.49.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in United States Copper Index Fund by 3.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 125,100 shares of the company’s stock worth $3,143,000 after buying an additional 4,100 shares during the last quarter. Perigon Wealth Management LLC bought a new position in shares of United States Copper Index Fund in the first quarter worth $865,000. Bornite Capital Management LP bought a new position in shares of United States Copper Index Fund in the first quarter worth $716,000. Simplex Trading LLC boosted its holdings in shares of United States Copper Index Fund by 248.9% in the fourth quarter. Simplex Trading LLC now owns 22,063 shares of the company’s stock worth $532,000 after acquiring an additional 15,739 shares during the period. Finally, PFG Advisors bought a new stake in United States Copper Index Fund during the first quarter valued at $467,000.
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.
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