United States Copper Index Fund (NYSEARCA:CPER) Stock Price Down 1.1% – What’s Next?

Shares of United States Copper Index Fund (NYSEARCA:CPERGet Free Report) were down 1.1% during trading on Tuesday . The stock traded as low as $38.14 and last traded at $38.33. 443,183 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 983,146 shares. The stock had previously closed at $38.77.

United States Copper Index Fund Stock Performance

The stock has a market cap of $741.69 million, a PE ratio of 3.31 and a beta of 0.49. The stock’s 50-day moving average is $38.41 and its two-hundred day moving average is $36.94.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CPER. Webster Bank N. A. grew its stake in shares of United States Copper Index Fund by 70.0% in the first quarter. Webster Bank N. A. now owns 850 shares of the company’s stock valued at $29,000 after buying an additional 350 shares in the last quarter. UBS Group AG lifted its stake in United States Copper Index Fund by 0.9% during the 4th quarter. UBS Group AG now owns 85,382 shares of the company’s stock worth $2,985,000 after acquiring an additional 735 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 valued at $1,854,000 after acquiring an additional 750 shares during the period. Western Wealth Management LLC purchased a new position in United States Copper Index Fund during the 1st quarter valued at about $30,000. Finally, Geneos Wealth Management Inc. purchased a new position in United States Copper Index Fund during the 4th quarter valued at about $31,000.

United States Copper Index Fund Company Profile

(Get Free Report)

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.

Further Reading

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