United States Copper Index Fund (NYSEARCA:CPER) Sees Strong Trading Volume – Here’s What Happened

United States Copper Index Fund (NYSEARCA:CPER) saw an uptick in trading volume on Monday . 1,141,968 shares changed hands during mid-day trading, a decline of 20% from the previous session’s volume of 1,430,024 shares.The stock last traded at $36.9980 and had previously closed at $36.52.

United States Copper Index Fund Trading Up 0.0%

The company’s fifty day simple moving average is $34.00 and its 200 day simple moving average is $31.61. The stock has a market capitalization of $650.27 million, a P/E ratio of 3.31 and a beta of 0.52.

Hedge Funds Weigh In On United States Copper Index Fund

A number of large investors have recently added to or reduced their stakes in CPER. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of United States Copper Index Fund by 527.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 377,100 shares of the company’s stock valued at $13,183,000 after acquiring an additional 317,000 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in shares of United States Copper Index Fund in the fourth quarter worth $317,000. Eagle Strategies LLC lifted its stake in United States Copper Index Fund by 111.3% during the 4th quarter. Eagle Strategies LLC now owns 54,183 shares of the company’s stock valued at $1,894,000 after acquiring an additional 28,545 shares during the period. Brookwood Investment Group LLC boosted its holdings in United States Copper Index Fund by 24.5% in the fourth quarter. Brookwood Investment Group LLC now owns 126,086 shares of the company’s stock worth $4,408,000 after purchasing an additional 24,779 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in United States Copper Index Fund during the fourth quarter valued at $84,000.

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.