United States Copper Index Fund (NYSEARCA:CPER – Get Free Report) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $37.95 and traded as low as $37.33. United States Copper Index Fund shares last traded at $37.36, with a volume of 973,274 shares.
United States Copper Index Fund Stock Performance
The business has a 50-day simple moving average of $39.67 and a 200-day simple moving average of $37.95. The company has a market cap of $698.63 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 large investors have recently made changes to their positions in CPER. Bank of America Corp DE raised its holdings in United States Copper Index Fund by 1,902.7% in the first quarter. Bank of America Corp DE now owns 145,800 shares of the company’s stock valued at $5,020,000 after acquiring an additional 138,520 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in United States Copper Index Fund during the 2nd quarter worth approximately $2,483,000. TD Waterhouse Canada Inc. grew its holdings in United States Copper Index Fund by 0.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 57,387 shares of the company’s stock worth $2,134,000 after acquiring an additional 399 shares in the last quarter. Basso Capital Management L.P. grew its holdings in United States Copper Index Fund by 189.9% during the 3rd quarter. Basso Capital Management L.P. now owns 55,415 shares of the company’s stock worth $2,204,000 after acquiring an additional 36,300 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of United States Copper Index Fund by 1.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 53,837 shares of the company’s stock valued at $1,854,000 after purchasing an additional 750 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.
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