United States Copper Index Fund Sees Unusually High Options Volume (NYSEARCA:CPER)

United States Copper Index Fund (NYSEARCA:CPER) was the target of some unusual options trading activity on Monday. Stock investors acquired 12,401 call options on the company. This is an increase of approximately 193% compared to the typical volume of 4,230 call options.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Kiker Wealth Management LLC acquired a new position in shares of United States Copper Index Fund in the 2nd quarter valued at $32,000. Farther Finance Advisors LLC lifted its holdings in United States Copper Index Fund by 400.0% during the second quarter. Farther Finance Advisors LLC now owns 1,000 shares of the company’s stock worth $32,000 after acquiring an additional 800 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in United States Copper Index Fund in the third quarter valued at about $35,000. Geneos Wealth Management Inc. acquired a new position in United States Copper Index Fund in the second quarter valued at about $46,000. Finally, Kestra Investment Management LLC bought a new stake in shares of United States Copper Index Fund in the second quarter worth about $57,000.

United States Copper Index Fund Stock Up 0.1%

Shares of CPER opened at $36.54 on Tuesday. The stock’s fifty day simple moving average is $34.11 and its 200-day simple moving average is $31.62. The firm has a market capitalization of $650.41 million, a PE ratio of 3.31 and a beta of 0.52. United States Copper Index Fund has a 12-month low of $25.65 and a 12-month high of $37.51.

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.