United States Copper Index Fund (NYSEARCA:CPER) Trading 4.6% Higher – Here’s What Happened

United States Copper Index Fund (NYSEARCA:CPERGet Free Report) shot up 4.6% on Thursday . The company traded as high as $27.97 and last traded at $27.92. 220,645 shares changed hands during trading, an increase of 36% from the average session volume of 161,898 shares. The stock had previously closed at $26.68.

United States Copper Index Fund Stock Performance

The company has a fifty day simple moving average of $27.30 and a two-hundred day simple moving average of $27.49. The firm has a market capitalization of $194.04 million, a PE ratio of 3.28 and a beta of 0.49.

Institutional Investors Weigh In On United States Copper Index Fund

Several large investors have recently modified their holdings of CPER. Fidelis Capital Partners LLC purchased a new position in shares of United States Copper Index Fund in the 3rd quarter valued at $215,000. CWM LLC boosted its position in United States Copper Index Fund by 597,600.0% during 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 in the last quarter. Sanctuary Advisors LLC purchased a new position in United States Copper Index Fund in the second quarter valued at about $402,000. Ignite Planners LLC bought a new position in United States Copper Index Fund in the third quarter worth about $271,000. Finally, Advisory Alpha LLC purchased a new stake in shares of United States Copper Index Fund during the second quarter valued at about $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.

Featured Stories

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.