Shares of United States Copper Index Fund (NYSEARCA:CPER – Get Free Report) were up 1% during trading on Monday . The stock traded as high as $33.47 and last traded at $33.15. Approximately 542,223 shares traded hands during trading, an increase of 74% from the average daily volume of 311,170 shares. The stock had previously closed at $32.83.
United States Copper Index Fund Stock Up 1.0%
The stock has a market capitalization of $349.73 million, a PE ratio of 3.31 and a beta of 0.52. The stock’s 50-day moving average is $31.61 and its 200 day moving average is $30.72.
Hedge Funds Weigh In On United States Copper Index Fund
A number of hedge funds have recently modified their holdings of the stock. HITE Hedge Asset Management LLC acquired a new position in United States Copper Index Fund in the 3rd quarter worth about $3,900,000. EHP Funds Inc. acquired a new position in United States Copper Index Fund in the third quarter worth approximately $3,330,000. Ameriprise Financial Inc. raised its position in United States Copper Index Fund by 259.4% during the third quarter. Ameriprise Financial Inc. now owns 101,677 shares of the company’s stock valued at $3,051,000 after acquiring an additional 73,383 shares in the last quarter. Brookwood Investment Group LLC raised its position in United States Copper Index Fund by 182.8% during the third quarter. Brookwood Investment Group LLC now owns 101,307 shares of the company’s stock valued at $3,039,000 after acquiring an additional 65,480 shares in the last quarter. Finally, Strategic Blueprint LLC acquired a new stake in United States Copper Index Fund in the third quarter valued at approximately $1,859,000.
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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