United States Copper Index Fund (NYSEARCA:CPER) Shares Down 0.7% – Here’s What Happened

United States Copper Index Fund (NYSEARCA:CPER) shares fell 0.7% during mid-day trading on Thursday . The company traded as low as $27.08 and last traded at $27.22. 124,092 shares were traded during trading, a decline of 24% from the average session volume of 163,109 shares. The stock had previously closed at $27.41.

United States Copper Index Fund Price Performance

The firm has a market capitalization of $191.68 million, a price-to-earnings ratio of 3.28 and a beta of 0.49. The firm’s 50-day moving average price is $26.92 and its 200 day moving average price is $27.43.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CPER. Perigon Wealth Management LLC purchased a new stake in United States Copper Index Fund in the 1st quarter valued at about $865,000. Bornite Capital Management LP acquired a new position in shares of United States Copper Index Fund in the 1st quarter valued at $716,000. WESPAC Advisors LLC acquired a new stake in shares of United States Copper Index Fund during the 2nd quarter worth $606,000. PFG Advisors purchased a new position in shares of United States Copper Index Fund in the 1st quarter worth $467,000. Finally, Sanctuary Advisors LLC acquired a new position in United States Copper Index Fund in the second quarter valued at $402,000.

United States Copper Index Fund Company Profile

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.