Short Interest in United States Copper Index Fund (NYSEARCA:CPER) Expands By 80.1%

United States Copper Index Fund (NYSEARCA:CPER) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 947,064 shares, a growth of 80.1% from the August 15th total of 525,996 shares. Currently, 4.9% of the shares of the stock are short sold. Based on an average daily volume of 552,812 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds Weigh In On United States Copper Index Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of United States Copper Index Fund by 1,902.7% in the 1st quarter. Bank of America Corp DE now owns 145,800 shares of the company’s stock worth $5,020,000 after buying an additional 138,520 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of United States Copper Index Fund in the 2nd quarter valued at about $2,483,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of United States Copper Index Fund in the 4th quarter valued at about $1,661,000. HighTower Advisors LLC lifted its holdings in shares of United States Copper Index Fund by 235.9% in the 4th quarter. HighTower Advisors LLC now owns 48,619 shares of the company’s stock valued at $1,700,000 after acquiring an additional 34,144 shares during the last quarter. Finally, Clare Market Investments LLC purchased a new position in United States Copper Index Fund in the first quarter worth about $1,131,000.

United States Copper Index Fund Stock Up 2.8%

CPER stock traded up $1.07 during midday trading on Thursday, hitting $39.66. The company’s stock had a trading volume of 476,870 shares, compared to its average volume of 894,832. United States Copper Index Fund has a 12 month low of $28.20 and a 12 month high of $41.29. The firm has a market capitalization of $767.42 million, a price-to-earnings ratio of 3.31 and a beta of 0.49. The company has a 50 day moving average of $39.38 and a two-hundred day moving average of $37.82.

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.