Investors Buy High Volume of Call Options on United States Copper Index Fund (NYSEARCA:CPER)

United States Copper Index Fund (NYSEARCA:CPER) saw some unusual options trading activity on Monday. Investors acquired 12,401 call options on the stock. This represents an increase of 193% compared to the typical volume of 4,230 call options.

United States Copper Index Fund Trading Up 0.1%

NYSEARCA CPER opened at $36.58 on Wednesday. The firm’s fifty day simple moving average is $34.22 and its two-hundred day simple moving average is $31.64. The firm has a market capitalization of $651.12 million, a P/E 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.

Institutional Investors Weigh In On United States Copper Index Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kiker Wealth Management LLC purchased a new stake in shares of United States Copper Index Fund during the second quarter worth about $32,000. Farther Finance Advisors LLC grew its position in United States Copper Index Fund by 400.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,000 shares of the company’s stock worth $32,000 after purchasing an additional 800 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in United States Copper Index Fund during the 3rd quarter valued at approximately $35,000. Geneos Wealth Management Inc. acquired a new position in United States Copper Index Fund during the 2nd quarter valued at approximately $46,000. Finally, Kestra Investment Management LLC purchased a new position in shares of United States Copper Index Fund in the second quarter worth $57,000.

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.