United States Copper Index Fund (NYSEARCA:CPER) Trading 0.1% Higher – Here’s What Happened

United States Copper Index Fund (NYSEARCA:CPER)’s share price was up 0.1% during trading on Thursday . The company traded as high as $34.96 and last traded at $34.37. Approximately 1,956,158 shares changed hands during mid-day trading, an increase of 39% from the average daily volume of 1,411,902 shares. The stock had previously closed at $34.34.

United States Copper Index Fund Trading Up 0.1%

The firm’s 50-day simple moving average is $35.53 and its two-hundred day simple moving average is $33.46. The stock has a market capitalization of $747.55 million, a PE ratio of 3.31 and a beta of 0.52.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CPER. UBS Group AG lifted its stake in United States Copper Index Fund by 0.9% in the 4th quarter. UBS Group AG now owns 85,382 shares of the company’s stock worth $2,985,000 after acquiring an additional 735 shares in the last quarter. Ignite Planners LLC grew its stake in United States Copper Index Fund by 5.6% during the 3rd quarter. Ignite Planners LLC now owns 14,669 shares of the company’s stock valued at $440,000 after acquiring an additional 783 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of United States Copper Index Fund by 45.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,820 shares of the company’s stock valued at $85,000 after purchasing an additional 882 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of United States Copper Index Fund in the 4th quarter valued at about $31,000. Finally, Allworth Financial LP lifted its position in shares of United States Copper Index Fund by 59.9% in the third quarter. Allworth Financial LP now owns 2,468 shares of the company’s stock worth $74,000 after purchasing an additional 925 shares in 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.