United States Copper Index Fund (NYSEARCA:CPER – Get Free Report) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $37.95 and traded as low as $37.33. United States Copper Index Fund shares last traded at $37.36, with a volume of 973,274 shares changing hands.
United States Copper Index Fund Trading Down 3.2%
The firm’s fifty day moving average is $39.67 and its 200-day moving average is $37.95. The stock has a market capitalization of $698.63 million, a PE ratio of 3.31 and a beta of 0.46.
Institutional Investors Weigh In On United States Copper Index Fund
Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in United States Copper Index Fund by 1,902.7% during the first quarter. Bank of America Corp DE now owns 145,800 shares of the company’s stock worth $5,020,000 after purchasing an additional 138,520 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of United States Copper Index Fund during the second quarter worth $2,483,000. TD Waterhouse Canada Inc. boosted its position in shares of United States Copper Index Fund by 0.7% during the second quarter. TD Waterhouse Canada Inc. now owns 57,387 shares of the company’s stock worth $2,134,000 after buying an additional 399 shares during the period. Basso Capital Management L.P. boosted its position in shares of United States Copper Index Fund by 189.9% during the third quarter. Basso Capital Management L.P. now owns 55,415 shares of the company’s stock worth $2,204,000 after buying an additional 36,300 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of United States Copper Index Fund by 1.4% in the first quarter. PNC Financial Services Group Inc. now owns 53,837 shares of the company’s stock valued at $1,854,000 after buying an additional 750 shares in the last quarter.
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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