United States Copper Index Fund (NYSEARCA:CPER) Trading 1.6% Higher – Here’s Why

United States Copper Index Fund (NYSEARCA:CPER)’s stock price rose 1.6% during mid-day trading on Wednesday . The company traded as high as $28.00 and last traded at $27.93. Approximately 149,318 shares were traded during trading, an increase of 34% from the average daily volume of 111,323 shares. The stock had previously closed at $27.48.

United States Copper Index Fund Price Performance

The firm has a market cap of $194.11 million, a PE ratio of 3.28 and a beta of 0.49. The company’s 50 day moving average price is $26.37 and its 200 day moving average price is $26.55.

Institutional Investors Weigh In On United States Copper Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in shares of United States Copper Index Fund in the 2nd quarter valued at $402,000. Ignite Planners LLC purchased a new position in United States Copper Index Fund during the 3rd quarter worth $271,000. CWM LLC increased its stake in United States Copper Index Fund by 597,600.0% in the third quarter. CWM LLC now owns 5,977 shares of the company’s stock valued at $169,000 after purchasing an additional 5,976 shares during the period. International Assets Investment Management LLC raised its holdings in shares of United States Copper Index Fund by 2,734.9% in the third quarter. International Assets Investment Management LLC now owns 6,662 shares of the company’s stock valued at $189,000 after buying an additional 6,427 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of United States Copper Index Fund during the third quarter worth about $215,000.

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.