United States Copper Index Fund (NYSEARCA:CPER) Trading Up 1.6% – Here’s What Happened

United States Copper Index Fund (NYSEARCA:CPER) shares shot up 1.6% on Tuesday . The stock traded as high as $40.75 and last traded at $40.60. 621,526 shares changed hands during trading, a decline of 46% from the average session volume of 1,149,446 shares. The stock had previously closed at $39.96.

United States Copper Index Fund Stock Performance

The firm has a market cap of $844.48 million, a PE ratio of 3.31 and a beta of 0.46. The company’s 50-day simple moving average is $36.72 and its two-hundred day simple moving average is $35.44.

Institutional Investors Weigh In On United States Copper Index Fund

Institutional investors have recently added to or reduced their stakes in the company. Webster Bank N. A. boosted its position in United States Copper Index Fund by 70.0% during the 1st quarter. Webster Bank N. A. now owns 850 shares of the company’s stock valued at $29,000 after buying an additional 350 shares during the period. Western Wealth Management LLC purchased a new stake in United States Copper Index Fund during the 1st quarter valued at $30,000. Geneos Wealth Management Inc. purchased a new stake in United States Copper Index Fund during the 4th quarter valued at $31,000. Lloyd Advisory Services LLC. purchased a new stake in United States Copper Index Fund during the 4th quarter valued at $57,000. Finally, Kestra Investment Management LLC purchased a new stake in United States Copper Index Fund during the 2nd quarter valued at $57,000.

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.