United States Copper Index Fund (NYSEARCA:CPER) Shares Up 1% – What’s Next?

by · The Markets Daily

United States Copper Index Fund (NYSEARCA:CPER – Get Free Report)’s stock price was up 1% during trading on Monday . The stock traded as high as $33.47 and last traded at $33.15. Approximately 542,223 shares changed hands during mid-day 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 Trading Up 1.0%

The company’s 50-day simple moving average is $31.68 and its 200 day simple moving average is $30.76. The stock has a market cap of $350.58 million, a P/E ratio of 3.31 and a beta of 0.52.

Institutional Investors Weigh In On United States Copper Index Fund

A number of hedge funds have recently made changes to their positions in CPER. Arkadios Wealth Advisors grew its position in United States Copper Index Fund by 24.1% during the third quarter. Arkadios Wealth Advisors now owns 140,031 shares of the company’s stock valued at $4,201,000 after buying an additional 27,154 shares during the period. HITE Hedge Asset Management LLC purchased a new position in United States Copper Index Fund in the third quarter valued at about $3,900,000. EHP Funds Inc. purchased a new position in United States Copper Index Fund in the third quarter valued at about $3,330,000. Ameriprise Financial Inc. grew its position in shares of United States Copper Index Fund by 259.4% during the 3rd 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 during the period. Finally, Brookwood Investment Group LLC increased its stake in shares of United States Copper Index Fund by 182.8% during the 3rd quarter. Brookwood Investment Group LLC now owns 101,307 shares of the company’s stock worth $3,039,000 after purchasing an additional 65,480 shares during the last quarter.

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.

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