Shares of United States Copper Index Fund (NYSEARCA:CPER – Get Free Report) were down 1.2% on Tuesday . The stock traded as low as $37.27 and last traded at $37.39. Approximately 182,936 shares traded hands during trading, a decline of 83% from the average daily volume of 1,052,077 shares. The stock had previously closed at $37.84.
United States Copper Index Fund Stock Down 1.2%
The business has a 50 day simple moving average of $38.31 and a 200 day simple moving average of $36.57. The company has a market capitalization of $723.50 million, a PE ratio of 3.31 and a beta of 0.49.
Hedge Funds Weigh In On United States Copper Index Fund
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Webster Bank N. A. lifted its holdings in shares of United States Copper Index Fund by 70.0% during the first 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 period. UBS Group AG increased its holdings in United States Copper Index Fund by 0.9% in the 4th quarter. UBS Group AG now owns 85,382 shares of the company’s stock worth $2,985,000 after buying an additional 735 shares during the period. PNC Financial Services Group Inc. raised its position 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 buying an additional 750 shares during the last quarter. Western Wealth Management LLC acquired a new stake in United States Copper Index Fund during the 1st quarter valued at approximately $30,000. Finally, Geneos Wealth Management Inc. acquired a new stake in United States Copper Index Fund during the 4th quarter valued at approximately $31,000.
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.
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