Short Interest in Global X Copper Miners ETF (NYSEARCA:COPX) Expands By 29.6%

Global X Copper Miners ETF (NYSEARCA:COPX) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 3,240,000 shares, anincreaseof29.6% from the July 15th total of 2,500,000 shares. Based on an average daily volume of 1,329,800 shares, the short-interest ratio is currently 2.4 days. Currently,7.6% of the shares of the stock are sold short. Currently,7.6% of the shares of the stock are sold short. Based on an average daily volume of 1,329,800 shares, the short-interest ratio is currently 2.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of COPX. JPMorgan Chase & Co. raised its position in shares of Global X Copper Miners ETF by 770.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 759,883 shares of the company’s stock worth $34,195,000 after purchasing an additional 672,585 shares during the last quarter. Bank of Nova Scotia acquired a new position in shares of Global X Copper Miners ETF during the 1st quarter worth about $21,825,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Global X Copper Miners ETF by 9.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,193,338 shares of the company’s stock worth $188,323,000 after purchasing an additional 372,362 shares during the last quarter. Banque Transatlantique SA acquired a new stake in Global X Copper Miners ETF in the 1st quarter valued at about $11,186,000. Finally, BW Gestao de Investimentos Ltda. acquired a new stake in Global X Copper Miners ETF in the 1st quarter valued at about $7,423,000.

Global X Copper Miners ETF Stock Up 3.4%

COPX opened at $48.21 on Friday. Global X Copper Miners ETF has a twelve month low of $30.77 and a twelve month high of $48.96. The company has a 50-day moving average price of $44.95 and a 200 day moving average price of $41.43. The company has a market cap of $2.04 billion, a PE ratio of 18.04 and a beta of 1.43.

About Global X Copper Miners ETF

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.