United States Copper Index Fund (NYSEARCA:CPER) Stock Price Down 0.1% – What’s Next?

United States Copper Index Fund (NYSEARCA:CPER) shares dropped 0.1% during mid-day trading on Thursday . The stock traded as low as $35.01 and last traded at $35.54. Approximately 1,168,762 shares changed hands during trading, a decline of 37% from the average daily volume of 1,850,141 shares. The stock had previously closed at $35.58.

United States Copper Index Fund Stock Performance

The stock’s fifty day moving average is $35.59 and its two-hundred day moving average is $31.98. The firm has a market cap of $773.00 million, a price-to-earnings ratio of 3.31 and a beta of 0.52.

Institutional Investors Weigh In On United States Copper Index Fund

Several large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new position in shares of United States Copper Index Fund during the fourth quarter worth approximately $31,000. Armstrong Advisory Group Inc. acquired a new stake in United States Copper Index Fund in the 3rd quarter valued at approximately $35,000. Lloyd Advisory Services LLC. bought a new stake in United States Copper Index Fund during the 4th quarter valued at $57,000. Kestra Investment Management LLC bought a new stake in United States Copper Index Fund during the 2nd quarter valued at $57,000. Finally, Raymond James Financial Inc. acquired a new position in United States Copper Index Fund during the 2nd quarter worth $63,000.

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.