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

United States Copper Index Fund (NYSEARCA:CPER) was the target of some unusual options trading on Monday. Stock traders purchased 2,922 call options on the stock. This represents an increase of 881% compared to the average daily volume of 298 call options.

United States Copper Index Fund Trading Up 2.8 %

Shares of CPER opened at $29.90 on Wednesday. The stock has a market capitalization of $192.86 million, a PE ratio of 3.28 and a beta of 0.64. The firm’s 50 day moving average is $27.90 and its 200-day moving average is $27.13. United States Copper Index Fund has a 12 month low of $24.30 and a 12 month high of $31.63.

Hedge Funds Weigh In On United States Copper Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in CPER. Vermillion Wealth Management Inc. acquired a new stake in United States Copper Index Fund in the fourth quarter valued at approximately $26,000. TD Waterhouse Canada Inc. lifted its stake in shares of United States Copper Index Fund by 2.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 61,838 shares of the company’s stock valued at $1,556,000 after acquiring an additional 1,460 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of United States Copper Index Fund during the 4th quarter valued at $42,000. Ignite Planners LLC grew its position in United States Copper Index Fund by 16.3% during the 4th quarter. Ignite Planners LLC now owns 11,129 shares of the company’s stock worth $284,000 after acquiring an additional 1,560 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in United States Copper Index Fund by 1,542.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,938 shares of the company’s stock worth $49,000 after purchasing an additional 1,820 shares in the last quarter.

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.