United States Copper Index Fund (NYSEARCA:CPER) Stock Price Up 0.1% – Time to Buy?

United States Copper Index Fund (NYSEARCA:CPER)’s stock price rose 0.1% during trading on Thursday . The stock traded as high as $34.96 and last traded at $34.37. Approximately 1,956,158 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 1,411,902 shares. The stock had previously closed at $34.34.

United States Copper Index Fund Price Performance

The firm has a market cap of $714.90 million, a PE ratio of 3.31 and a beta of 0.52. The business has a 50-day moving average price of $35.48 and a two-hundred day moving average price of $33.49.

Institutional Investors Weigh In On United States Copper Index Fund

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its position in United States Copper Index Fund by 23.9% in the 1st quarter. Jane Street Group LLC now owns 70,596 shares of the company’s stock valued at $2,231,000 after purchasing an additional 13,605 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of United States Copper Index Fund by 118.4% during the second quarter. Cetera Investment Advisers now owns 20,388 shares of the company’s stock worth $645,000 after buying an additional 11,054 shares during the period. Cerity Partners LLC purchased a new stake in shares of United States Copper Index Fund during the second quarter worth approximately $633,000. Raymond James Financial Inc. acquired a new stake in United States Copper Index Fund in the second quarter valued at approximately $63,000. Finally, Bank of America Corp DE raised its holdings in United States Copper Index Fund by 252.5% in the second quarter. Bank of America Corp DE now owns 6,980 shares of the company’s stock valued at $221,000 after acquiring an additional 5,000 shares in the last quarter.

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.