United States Copper Index Fund (NYSEARCA:CPER) Trading Down 0.1% – Should You Sell?

United States Copper Index Fund (NYSEARCA:CPER) dropped 0.1% during trading on Thursday . The company traded as low as $35.01 and last traded at $35.54. Approximately 1,168,762 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 1,850,141 shares. The stock had previously closed at $35.58.

United States Copper Index Fund Price Performance

The stock has a 50-day moving average price of $35.66 and a 200-day moving average price of $32.04. The company has a market capitalization of $786.70 million, a P/E ratio of 3.31 and a beta of 0.52.

Institutional Investors Weigh In On United States Copper Index Fund

Institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in United States Copper Index Fund during the 4th quarter worth about $31,000. Armstrong Advisory Group Inc. bought a new stake in shares of United States Copper Index Fund during the 3rd quarter valued at about $35,000. Lloyd Advisory Services LLC. acquired a new stake in United States Copper Index Fund during the fourth quarter worth approximately $57,000. Kestra Investment Management LLC bought a new stake in United States Copper Index Fund in the second quarter worth approximately $57,000. Finally, Raymond James Financial Inc. acquired a new position in United States Copper Index Fund in the second quarter valued at approximately $63,000.

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.