Global X Copper Miners ETF (NYSEARCA:COPX) Shares Gap Up – Still a Buy?

Global X Copper Miners ETF (NYSEARCA:COPX) gapped up before the market opened on Thursday . The stock had previously closed at $91.98, but opened at $99.74. Global X Copper Miners ETF shares last traded at $92.10, with a volume of 8,600,913 shares traded.

Global X Copper Miners ETF Stock Performance

The company has a market capitalization of $6.53 billion, a P/E ratio of 18.04 and a beta of 1.16. The firm’s fifty day moving average is $74.25 and its 200 day moving average is $60.90.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC bought a new position in Global X Copper Miners ETF in the fourth quarter worth about $30,000. Sunbelt Securities Inc. purchased a new position in shares of Global X Copper Miners ETF in the 3rd quarter worth approximately $30,000. WFA Asset Management Corp bought a new position in shares of Global X Copper Miners ETF during the 2nd quarter worth approximately $25,000. Caitlin John LLC bought a new position in shares of Global X Copper Miners ETF during the 3rd quarter worth approximately $33,000. Finally, US Bancorp DE purchased a new stake in Global X Copper Miners ETF during the third quarter valued at approximately $60,000.

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.