other material
confidence high
sentiment negative
materiality 0.30
USCI April net income $1.1M; CPER posts $7.4M net loss on copper futures
United States Commodity Index Funds Trust
- USCI net income $1,139,018; NAV $196.4M ($54.56/share) after 150k share redemption.
- CPER net loss $7,370,914; NAV $139.4M ($23.84/share) driven by $9.8M unrealized loss on copper futures.
- Combined trust net loss $6,231,896; total NAV $335.8M.
- CPER had net redemptions of 300k shares; trust-wide redemptions totaled 500k shares.