Global X Copper Miners ETF (NYSEARCA:COPX) Sees Large Volume Increase

Shares of Global X Copper Miners ETF (NYSEARCA:COPXGet Rating) saw unusually-strong trading volume on Monday . Approximately 33,879 shares traded hands during mid-day trading, a decline of 95% from the previous session’s volume of 703,951 shares.The stock last traded at $28.26 and had previously closed at $26.91.

Global X Copper Miners ETF Price Performance

The business has a 50 day moving average price of $34.58 and a two-hundred day moving average price of $39.12.

Institutional Investors Weigh In On Global X Copper Miners ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pettinga Financial Advisors LLC raised its holdings in shares of Global X Copper Miners ETF by 27.6% in the second quarter. Pettinga Financial Advisors LLC now owns 57,939 shares of the company’s stock worth $1,760,000 after buying an additional 12,542 shares during the period. Great Valley Advisor Group Inc. purchased a new stake in shares of Global X Copper Miners ETF in the second quarter worth approximately $354,000. Bank of America Corp DE raised its holdings in shares of Global X Copper Miners ETF by 16.7% in the first quarter. Bank of America Corp DE now owns 513,226 shares of the company’s stock worth $23,357,000 after buying an additional 73,581 shares during the period. BNP Paribas Arbitrage SA purchased a new position in Global X Copper Miners ETF during the 1st quarter worth $55,000. Finally, Royal Bank of Canada increased its holdings in Global X Copper Miners ETF by 141.2% during the 1st quarter. Royal Bank of Canada now owns 167,986 shares of the company’s stock worth $7,646,000 after purchasing an additional 98,326 shares during the period.

Global X Copper Miners ETF Company Profile

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Global X Copper Miners ETF (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Copper Miners Index. The Solactive Global Copper Miners Index is designed to reflect the performance of the copper mining industry. It is comprised of common stocks, American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) of selected companies globally, which are engaged in some aspect of the copper mining industry such as copper mining, refining or exploration.

Further Reading

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