United States Copper Index Fund (NYSEARCA:CPER) Sees Significant Growth in Short Interest

United States Copper Index Fund (NYSEARCA:CPER) was the target of a large growth in short interest during 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 trading volume, of 552,812 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Clare Market Investments LLC acquired a new position in shares of United States Copper Index Fund in the first quarter worth $1,131,000. Platform Technology Partners lifted its holdings in United States Copper Index Fund by 86.0% in the 1st quarter. Platform Technology Partners now owns 12,089 shares of the company’s stock valued at $416,000 after purchasing an additional 5,589 shares in the last quarter. SMART Wealth LLC purchased a new position in United States Copper Index Fund in the 1st quarter valued at about $800,000. Continuum Advisory LLC acquired a new stake in shares of United States Copper Index Fund during the 1st quarter worth about $290,000. Finally, Fiduciary Alliance LLC acquired a new stake in shares of United States Copper Index Fund during the 1st quarter worth about $438,000.

United States Copper Index Fund Stock Down 0.2%

Shares of United States Copper Index Fund stock traded down $0.08 on Wednesday, hitting $38.59. The company’s stock had a trading volume of 408,320 shares, compared to its average volume of 897,236. United States Copper Index Fund has a 52-week low of $28.20 and a 52-week high of $41.29. The firm has a fifty day moving average price of $39.35 and a 200-day moving average price of $37.81. The company has a market capitalization of $746.72 million, a P/E ratio of 3.31 and a beta of 0.49.

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.