United States Copper Index Fund (NYSEARCA:CPER) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

by · The Markets Daily

United States Copper Index Fund (NYSEARCA:CPER – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.26 and traded as low as $25.64. United States Copper Index Fund shares last traded at $25.69, with a volume of 50,080 shares.

United States Copper Index Fund Stock Performance

The stock’s 50-day moving average is $27.28 and its two-hundred day moving average is $27.25. The stock has a market cap of $179.24 million, a PE ratio of 3.28 and a beta of 0.49.

Institutional Trading of United States Copper Index Fund

A number of large investors have recently modified their holdings of CPER. Brookstone Capital Management acquired a new position in United States Copper Index Fund during the second quarter worth approximately $211,000. Mason & Associates Inc acquired a new stake in shares of United States Copper Index Fund during the second quarter worth $285,000. WESPAC Advisors LLC acquired a new position in United States Copper Index Fund during the second quarter worth approximately $606,000. Commonwealth Equity Services LLC lifted its position in United States Copper Index Fund by 16.4% during the second quarter. Commonwealth Equity Services LLC now owns 9,595 shares of the company’s stock valued at $261,000 after buying an additional 1,349 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new position in United States Copper Index Fund during the 2nd quarter worth approximately $255,000.

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.

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