Stock Traders Purchase High Volume of United States Copper Index Fund Call Options (NYSEARCA:CPER)

United States Copper Index Fund (NYSEARCA:CPER) was the recipient of unusually large options trading on Friday. Investors acquired 5,637 call options on the stock. This is an increase of 134% compared to the typical volume of 2,404 call options.

United States Copper Index Fund Trading Up 4.7%

Shares of NYSEARCA CPER opened at $35.81 on Friday. United States Copper Index Fund has a 1 year low of $25.10 and a 1 year high of $36.69. The firm’s 50-day moving average is $32.13 and its 200-day moving average is $30.94. The firm has a market capitalization of $377.80 million, a PE ratio of 3.31 and a beta of 0.52.

Institutional Trading of United States Copper Index Fund

A number of institutional investors have recently bought and sold shares of the business. Highline Wealth Partners LLC bought a new stake in shares of United States Copper Index Fund during the 2nd quarter valued at $25,000. Kiker Wealth Management LLC bought a new stake in United States Copper Index Fund in the second quarter valued at about $32,000. Farther Finance Advisors LLC lifted its stake in 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 valued at $32,000 after buying an additional 800 shares during the period. Armstrong Advisory Group Inc. bought a new position in United States Copper Index Fund during the third quarter worth about $35,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of United States Copper Index Fund during the 2nd quarter worth about $46,000.

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.