United States Copper Index Fund (NYSEARCA:CPER) Trading Down 0.1%

United States Copper Index Fund (NYSEARCA:CPER)’s stock price traded down 0.1% during mid-day trading on Wednesday . The company traded as low as $25.34 and last traded at $25.44. 83,835 shares were traded during trading, a decline of 51% from the average session volume of 169,973 shares. The stock had previously closed at $25.47.

United States Copper Index Fund Stock Down 0.1 %

The stock has a fifty day moving average price of $26.48 and a two-hundred day moving average price of $26.83. The company has a market cap of $176.81 million, a price-to-earnings ratio of 3.28 and a beta of 0.49.

Hedge Funds Weigh In On United States Copper Index Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Tidemark LLC bought a new position in shares of United States Copper Index Fund in the 4th quarter valued at $43,000. Geneos Wealth Management Inc. acquired a new stake in United States Copper Index Fund in the first quarter valued at $57,000. Brookstone Capital Management acquired a new stake in shares of United States Copper Index Fund in the second quarter valued at about $211,000. Centric Wealth Management bought a new position in shares of United States Copper Index Fund during the first quarter worth about $242,000. Finally, Advisory Alpha LLC bought a new stake in United States Copper Index Fund in the second quarter valued at approximately $255,000.

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.