United States Copper Index Fund (NYSEARCA:CPER) Trading Up 0.3% – Here’s Why

United States Copper Index Fund (NYSEARCA:CPER) shares shot up 0.3% during trading on Wednesday . The company traded as high as $25.82 and last traded at $25.66. 92,064 shares were traded during trading, a decline of 40% from the average session volume of 152,773 shares. The stock had previously closed at $25.59.

United States Copper Index Fund Stock Up 0.3 %

The company has a market capitalization of $178.34 million, a price-to-earnings ratio of 3.28 and a beta of 0.49. The business has a fifty day simple moving average of $26.50 and a two-hundred day simple moving average of $26.78.

Institutional Trading of United States Copper Index Fund

Large investors have recently bought and sold shares of the stock. CWM LLC lifted its holdings in shares of United States Copper Index Fund by 597,600.0% during the third quarter. CWM LLC now owns 5,977 shares of the company’s stock valued at $169,000 after acquiring an additional 5,976 shares during the period. International Assets Investment Management LLC increased its position in shares of United States Copper Index Fund by 2,734.9% during the 3rd quarter. International Assets Investment Management LLC now owns 6,662 shares of the company’s stock worth $189,000 after purchasing an additional 6,427 shares in the last quarter. Beck Capital Management LLC acquired a new stake in shares of United States Copper Index Fund during the 3rd quarter worth about $206,000. Fidelis Capital Partners LLC bought a new position in United States Copper Index Fund during the 3rd quarter valued at about $215,000. Finally, Advisory Alpha LLC acquired a new position in United States Copper Index Fund in the second quarter valued at about $255,000.

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.