Global X Copper Miners ETF (NYSEARCA:COPX) Sees Unusually-High Trading Volume

Global X Copper Miners ETF (NYSEARCA:COPX) saw unusually-high trading volume on Monday . Approximately 602,372 shares changed hands during trading, a decline of 39% from the previous session’s volume of 993,905 shares.The stock last traded at $46.15 and had previously closed at $45.48.

Global X Copper Miners ETF Stock Performance

The stock has a market cap of $2.07 billion, a PE ratio of 11.74 and a beta of 1.25. The business has a 50-day moving average of $39.62 and a 200 day moving average of $36.80.

Institutional Trading of Global X Copper Miners ETF

Hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its stake in Global X Copper Miners ETF by 451.8% in the 3rd quarter. Citigroup Inc. now owns 7,560 shares of the company’s stock worth $275,000 after buying an additional 6,190 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Global X Copper Miners ETF in the 3rd quarter worth about $471,000. SG Americas Securities LLC acquired a new stake in Global X Copper Miners ETF in the 3rd quarter worth about $502,000. B. Riley Wealth Advisors Inc. boosted its stake in Global X Copper Miners ETF by 7.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 18,358 shares of the company’s stock worth $668,000 after buying an additional 1,305 shares during the last quarter. Finally, Gotham Asset Management LLC acquired a new stake in Global X Copper Miners ETF in the 3rd quarter worth about $798,000.

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.