Traders Buy Large Volume of Call Options on United States Copper Index Fund (NYSEARCA:CPER)

United States Copper Index Fund (NYSEARCA:CPER) was the recipient of unusually large options trading on Friday. Stock investors bought 5,637 call options on the stock. This is an increase of approximately 134% compared to the typical volume of 2,404 call options.

Institutional Investors Weigh In On United States Copper Index Fund

Several hedge funds have recently modified their holdings of CPER. Highline Wealth Partners LLC bought a new stake in United States Copper Index Fund during the 2nd quarter worth $25,000. Kiker Wealth Management LLC acquired a new stake in shares of United States Copper Index Fund during the second quarter valued at about $32,000. Farther Finance Advisors LLC grew its holdings in shares of United States Copper Index Fund by 400.0% during the second quarter. Farther Finance Advisors LLC now owns 1,000 shares of the company’s stock worth $32,000 after purchasing an additional 800 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of United States Copper Index Fund in the third quarter valued at approximately $35,000. Finally, Geneos Wealth Management Inc. bought a new position in United States Copper Index Fund in the 2nd quarter valued at approximately $46,000.

United States Copper Index Fund Stock Performance

Shares of CPER traded up $1.65 during mid-day trading on Friday, reaching $35.85. The company had a trading volume of 1,296,234 shares, compared to its average volume of 320,677. The company’s 50 day simple moving average is $32.03 and its 200 day simple moving average is $30.90. The company has a market capitalization of $378.26 million, a price-to-earnings ratio of 3.31 and a beta of 0.52. United States Copper Index Fund has a 1-year low of $25.10 and a 1-year high of $36.69.

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.