United States Copper Index Fund (NYSEARCA:CPER) Sets New 52-Week High – Here’s Why

United States Copper Index Fund (NYSEARCA:CPER) hit a new 52-week high on Tuesday . The stock traded as high as $41.41 and last traded at $41.4110, with a volume of 1053770 shares traded. The stock had previously closed at $40.67.

United States Copper Index Fund Stock Up 2.0%

The company has a market capitalization of $775.98 million, a P/E ratio of 3.31 and a beta of 0.49. The business has a 50 day simple moving average of $39.52 and a 200-day simple moving average of $37.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Webster Bank N. A. increased its stake 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 purchasing an additional 350 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of United States Copper Index Fund by 0.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 57,387 shares of the company’s stock valued at $2,134,000 after purchasing an additional 399 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in United States Copper Index Fund by 480.0% in the second quarter. NewEdge Advisors LLC now owns 725 shares of the company’s stock worth $27,000 after purchasing an additional 600 shares in the last quarter. UBS Group AG increased its position in United States Copper Index Fund by 0.9% during the fourth quarter. UBS Group AG now owns 85,382 shares of the company’s stock worth $2,985,000 after buying an additional 735 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in United States Copper Index Fund by 1.4% during the first 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 during the last quarter.

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.