United States Copper Index Fund (NYSEARCA:CPER) Trading Down 0.7% – Time to Sell?

United States Copper Index Fund (NYSEARCA:CPER) shares fell 0.7% during mid-day trading on Thursday . The company traded as low as $27.08 and last traded at $27.22. 124,092 shares traded hands during trading, a decline of 24% from the average session volume of 163,109 shares. The stock had previously closed at $27.41.

United States Copper Index Fund Price Performance

The business has a 50 day simple moving average of $26.87 and a 200 day simple moving average of $27.41. The stock has a market cap of $189.18 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 made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in United States Copper Index Fund in the second quarter valued at approximately $402,000. Ignite Planners LLC bought a new position in shares of United States Copper Index Fund during the 3rd quarter valued at $271,000. Advisory Alpha LLC acquired a new stake in shares of United States Copper Index Fund in the 2nd quarter valued at $255,000. Commonwealth Equity Services LLC boosted its holdings in United States Copper Index Fund by 16.4% in the second quarter. Commonwealth Equity Services LLC now owns 9,595 shares of the company’s stock worth $261,000 after purchasing an additional 1,349 shares in the last quarter. Finally, WESPAC Advisors LLC acquired a new position in United States Copper Index Fund during the second quarter worth $606,000.

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.