Shares of United States Copper Index Fund (NYSEARCA:CPER – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $40.46 and last traded at $40.44, with a volume of 1617652 shares traded. The stock had previously closed at $39.39.
United States Copper Index Fund Stock Up 2.7%
The stock has a market cap of $841.15 million, a price-to-earnings ratio of 3.31 and a beta of 0.46. The firm’s 50 day moving average is $35.67 and its two-hundred day moving average is $34.64.
Institutional Investors Weigh In On United States Copper Index Fund
Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC increased its stake in shares of United States Copper Index Fund by 23.9% in the first quarter. Jane Street Group LLC now owns 70,596 shares of the company’s stock valued at $2,231,000 after purchasing an additional 13,605 shares during the period. Cetera Investment Advisers increased its stake in shares of United States Copper Index Fund by 118.4% in the second quarter. Cetera Investment Advisers now owns 20,388 shares of the company’s stock valued at $645,000 after purchasing an additional 11,054 shares during the period. Cerity Partners LLC acquired a new stake in shares of United States Copper Index Fund in the second quarter valued at approximately $633,000. Raymond James Financial Inc. acquired a new stake in shares of United States Copper Index Fund in the second quarter valued at approximately $63,000. Finally, Bank of America Corp DE increased its stake in shares of United States Copper Index Fund by 252.5% in the second quarter. Bank of America Corp DE now owns 6,980 shares of the company’s stock valued at $221,000 after purchasing an additional 5,000 shares during the period.
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.
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