United States Copper Index Fund (NYSEARCA:CPER) Shares Pass Below 200 Day Moving Average – Should You Sell?

Shares of United States Copper Index Fund (NYSEARCA:CPER) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 Trading Up 0.4 %

The firm has a 50-day moving average of $27.28 and a 200 day moving average of $27.25. The stock has a market capitalization of $179.24 million, a price-to-earnings ratio of 3.28 and a beta of 0.49.

Institutional Trading of United States Copper Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in CPER. Stifel Financial Corp lifted its holdings in United States Copper Index Fund by 130.7% in the 3rd quarter. Stifel Financial Corp now owns 28,541 shares of the company’s stock valued at $809,000 after acquiring an additional 16,170 shares during the last quarter. Beck Capital Management LLC bought a new stake in United States Copper Index Fund during the third quarter worth approximately $206,000. Apollon Wealth Management LLC grew its position in United States Copper Index Fund by 28.0% in the third quarter. Apollon Wealth Management LLC now owns 20,720 shares of the company’s stock worth $587,000 after buying an additional 4,536 shares during the last quarter. International Assets Investment Management LLC increased 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 in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of United States Copper Index Fund during the 3rd quarter valued at $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.