United States Copper Index Fund (NYSEARCA:CPER) Sets New 52-Week High – Here’s What Happened

United States Copper Index Fund (NYSEARCA:CPER)’s share price reached a new 52-week high on Tuesday . The company traded as high as $40.46 and last traded at $40.44, with a volume of 1617652 shares. The stock had previously closed at $39.39.

United States Copper Index Fund Stock Performance

The business has a 50-day simple moving average of $35.91 and a 200 day simple moving average of $34.82. The firm has a market cap of $832.42 million, a P/E ratio of 3.31 and a beta of 0.46.

Institutional Investors Weigh In On United States Copper Index Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Webster Bank N. A. raised its position in shares of United States Copper Index Fund by 70.0% in 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 during the last quarter. Geneos Wealth Management Inc. purchased a new position in United States Copper Index Fund in the fourth quarter worth about $31,000. Lloyd Advisory Services LLC. purchased a new position in shares of United States Copper Index Fund in the fourth quarter worth approximately $57,000. Kestra Investment Management LLC purchased a new position in shares of United States Copper Index Fund in the second quarter worth approximately $57,000. Finally, Raymond James Financial Inc. bought a new stake in United States Copper Index Fund during the second quarter valued at approximately $63,000.

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.