United States Copper Index Fund Sees Unusually Large Options Volume (NYSEARCA:CPER)

United States Copper Index Fund (NYSEARCA:CPER) was the target of unusually large options trading activity on Monday. Stock investors acquired 2,922 call options on the company. This is an increase of 881% compared to the typical volume of 298 call options.

United States Copper Index Fund Stock Down 1.1 %

Shares of CPER traded down $0.33 during trading hours on Monday, reaching $29.15. 31,973 shares of the company traded hands, compared to its average volume of 121,730. The stock has a fifty day simple moving average of $27.74 and a 200 day simple moving average of $27.08. United States Copper Index Fund has a fifty-two week low of $24.30 and a fifty-two week high of $31.63. The stock has a market capitalization of $188.02 million, a PE ratio of 3.28 and a beta of 0.64.

Institutional Investors Weigh In On United States Copper Index Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Stifel Financial Corp increased its stake in United States Copper Index Fund by 53.4% in the fourth quarter. Stifel Financial Corp now owns 43,788 shares of the company’s stock valued at $1,102,000 after purchasing an additional 15,247 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of United States Copper Index Fund by 2.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 61,838 shares of the company’s stock worth $1,556,000 after acquiring an additional 1,460 shares during the period. Aristides Capital LLC acquired a new stake in shares of United States Copper Index Fund in the fourth quarter worth approximately $301,000. PNC Financial Services Group Inc. acquired a new stake in shares of United States Copper Index Fund in the fourth quarter worth approximately $221,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in United States Copper Index Fund by 1,542.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,938 shares of the company’s stock valued at $49,000 after purchasing an additional 1,820 shares during the period.

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.