United States Copper Index Fund Target of Unusually Large Options Trading (NYSEARCA:CPER)

United States Copper Index Fund (NYSEARCA:CPER) was the recipient of unusually large options trading activity on Monday. Traders bought 12,401 call options on the stock. This is an increase of approximately 193% compared to the average volume of 4,230 call options.

United States Copper Index Fund Trading Up 0.8%

Shares of CPER stock traded up $0.30 during trading on Monday, hitting $36.82. The company’s stock had a trading volume of 1,592,454 shares, compared to its average volume of 1,488,550. The business has a fifty day moving average of $34.00 and a 200-day moving average of $31.61. The company has a market cap of $655.40 million, a PE ratio of 3.31 and a beta of 0.52. United States Copper Index Fund has a 52 week low of $25.65 and a 52 week high of $37.51.

Hedge Funds Weigh In On United States Copper Index Fund

Institutional investors have recently added to or reduced their stakes in the stock. Kiker Wealth Management LLC purchased a new position in United States Copper Index Fund in the second quarter valued at about $32,000. Farther Finance Advisors LLC increased its stake in shares of United States Copper Index Fund by 400.0% in the second quarter. Farther Finance Advisors LLC now owns 1,000 shares of the company’s stock worth $32,000 after purchasing an additional 800 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new position in shares of United States Copper Index Fund in the third quarter worth about $35,000. Geneos Wealth Management Inc. bought a new stake in shares of United States Copper Index Fund in the second quarter valued at approximately $46,000. Finally, Kestra Investment Management LLC purchased a new position in United States Copper Index Fund in the 2nd quarter valued at approximately $57,000.

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.