Short Interest in USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Rises By 64.8%

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 11,275 shares, a growth of 64.8% from the July 15th total of 6,843 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average daily trading volume, of 13,181 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On USCF Daily Target 2X Copper Index ETF

A hedge fund recently bought a new position in USCF Daily Target 2X Copper Index ETF stock. Bank of New York Mellon Corp purchased a new position in USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,000 shares of the company’s stock, valued at approximately $497,000. Bank of New York Mellon Corp owned about 3.03% of USCF Daily Target 2X Copper Index ETF at the end of the most recent reporting period.

USCF Daily Target 2X Copper Index ETF Stock Down 4.7%

Shares of CPXR stock traded down $1.52 during trading hours on Tuesday, reaching $31.04. 12,886 shares of the company’s stock were exchanged, compared to its average volume of 68,465. USCF Daily Target 2X Copper Index ETF has a fifty-two week low of $17.02 and a fifty-two week high of $34.91. The business has a fifty day moving average price of $30.51 and a 200-day moving average price of $28.95.

USCF Daily Target 2X Copper Index ETF Company Profile

The USCF Daily Target 2X Copper Index ETF (CPXR) is an exchange-traded fund that mostly invests in copper commodities. The fund is an actively managed fund that seeks 200% of the daily price performance of a copper futures index. The fund invests via a subsidiary that holds the contracts. CPXR was launched on Jan 21, 2025 and is issued by Marygold.