United States Copper Index Fund (NYSEARCA:CPER – Get Free Report) dropped 0.4% on Tuesday. The company traded as low as $40.32 and last traded at $40.45. 205,707 shares changed hands during trading, a decline of 76% from the average daily volume of 853,223 shares. The stock had previously closed at $40.63.
United States Copper Index Fund Stock Performance
The firm has a fifty day simple moving average of $39.94 and a 200-day simple moving average of $38.50. The company has a market capitalization of $756.41 million, a PE ratio of 3.31 and a beta of 0.47.
Hedge Funds Weigh In On United States Copper Index Fund
Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in shares of United States Copper Index Fund by 1,902.7% in the first 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 during the last quarter. Proficio Capital Partners LLC bought a new position in United States Copper Index Fund during the 2nd quarter valued at $2,483,000. TD Waterhouse Canada Inc. boosted its stake in United States Copper Index Fund by 0.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 57,387 shares of the company’s stock valued at $2,134,000 after acquiring an additional 399 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in United States Copper Index Fund by 1.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 53,837 shares of the company’s stock worth $1,854,000 after acquiring an additional 750 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in United States Copper Index Fund during the 4th quarter worth $1,661,000.
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.
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