United States Copper Index Fund (NYSEARCA:CPER – Get Free Report) shares dropped 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 mid-day 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 Performance
The firm has a market capitalization of $730.46 million, a P/E ratio of 3.31 and a beta of 0.49. The firm’s 50-day moving average is $38.31 and its 200 day moving average is $36.60.
Institutional Trading of United States Copper Index Fund
A number of institutional investors have recently made changes to their positions in the business. Webster Bank N. A. boosted its holdings 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 valued at $29,000 after buying an additional 350 shares during the last quarter. Western Wealth Management LLC bought a new position in United States Copper Index Fund during the 1st quarter worth $30,000. Geneos Wealth Management Inc. acquired a new stake in United States Copper Index Fund in the 4th quarter worth about $31,000. Lloyd Advisory Services LLC. acquired a new stake in shares of United States Copper Index Fund in the fourth quarter valued at approximately $57,000. Finally, Kestra Investment Management LLC acquired a new position in United States Copper Index Fund in the 2nd quarter valued at $57,000.
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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