United States Copper Index Fund (NYSEARCA:CPER) Stock Price Down 0.1% – What’s Next?

United States Copper Index Fund (NYSEARCA:CPER)’s share price fell 0.1% during mid-day trading on Thursday . The stock traded as low as $35.01 and last traded at $35.54. 1,168,762 shares changed hands during trading, a decline of 37% from the average session volume of 1,850,141 shares. The stock had previously closed at $35.58.

United States Copper Index Fund Stock Performance

The business’s fifty day simple moving average is $35.59 and its 200 day simple moving average is $31.98. The stock has a market cap of $773.00 million, a price-to-earnings ratio of 3.31 and a beta of 0.52.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CPER. Geneos Wealth Management Inc. acquired a new stake in United States Copper Index Fund during the 4th quarter valued at approximately $31,000. Armstrong Advisory Group Inc. purchased a new position in shares of United States Copper Index Fund during the 3rd quarter valued at approximately $35,000. Lloyd Advisory Services LLC. purchased a new position in shares of United States Copper Index Fund during the 4th quarter valued at approximately $57,000. Kestra Investment Management LLC acquired a new stake in shares of United States Copper Index Fund during the second quarter worth approximately $57,000. Finally, Raymond James Financial Inc. bought a new stake in shares of United States Copper Index Fund in the second quarter worth $63,000.

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.