United States Copper Index Fund (NYSEARCA:CPER) Shares Down 1.7% – Here’s What Happened

United States Copper Index Fund (NYSEARCA:CPER)’s share price was down 1.7% during trading on Thursday . The stock traded as low as $36.78 and last traded at $36.96. Approximately 831,221 shares were traded during trading, a decline of 35% from the average daily volume of 1,270,783 shares. The stock had previously closed at $37.60.

United States Copper Index Fund Stock Down 1.7%

The stock’s 50 day moving average price is $35.42 and its two-hundred day moving average price is $34.16. The firm has a market capitalization of $768.77 million, a price-to-earnings ratio of 3.31 and a beta of 0.49.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Webster Bank N. A. raised 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 in the last quarter. UBS Group AG grew its stake in shares of 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 valued at $2,985,000 after buying an additional 735 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake 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 buying an additional 882 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in United States Copper Index Fund in the fourth quarter worth approximately $31,000. Finally, Allworth Financial LP raised its position in United States Copper Index Fund by 59.9% during the third quarter. Allworth Financial LP now owns 2,468 shares of the company’s stock valued at $74,000 after acquiring 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.