United States Copper Index Fund (NYSEARCA:CPER – Get Free Report) shares were down 0.6% during mid-day trading on Monday . The company traded as low as $26.01 and last traded at $26.24. Approximately 251,864 shares were traded during trading, an increase of 44% from the average daily volume of 174,972 shares. The stock had previously closed at $26.40.
United States Copper Index Fund Price Performance
The firm has a market capitalization of $182.37 million, a PE ratio of 3.28 and a beta of 0.49. The business’s 50-day moving average price is $28.31 and its 200-day moving average price is $26.34.
Hedge Funds Weigh In On United States Copper Index Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tidemark LLC purchased a new position in United States Copper Index Fund in the 4th quarter valued at $43,000. Geneos Wealth Management Inc. purchased a new position in United States Copper Index Fund in the 1st quarter valued at $57,000. Mirae Asset Global Investments Co. Ltd. grew its position in United States Copper Index Fund by 3.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 125,100 shares of the company’s stock valued at $3,143,000 after buying an additional 4,100 shares during the last quarter. Brookstone Capital Management purchased a new position in United States Copper Index Fund in the 2nd quarter valued at $211,000. Finally, Centric Wealth Management purchased a new position in United States Copper Index Fund in the 1st quarter valued at $242,000.
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.
See Also
Receive News & Ratings for United States Copper Index Fund Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for United States Copper Index Fund and related companies with MarketBeat.com’s FREE daily email newsletter.