Traders Purchase Large Volume of Call Options on Global X Copper Miners ETF (NYSEARCA:COPX)

Global X Copper Miners ETF (NYSEARCA:COPX) was the recipient of some unusual options trading activity on Wednesday. Traders bought 119,603 call options on the company. This represents an increase of approximately 810% compared to the typical daily volume of 13,147 call options.

Global X Copper Miners ETF Price Performance

NYSEARCA COPX traded down $2.08 during mid-day trading on Wednesday, reaching $78.06. The stock had a trading volume of 2,364,549 shares, compared to its average volume of 4,949,993. The stock has a market cap of $7.32 billion, a PE ratio of 18.04 and a beta of 1.04. Global X Copper Miners ETF has a 1 year low of $41.51 and a 1 year high of $99.99. The company has a fifty day moving average price of $83.36 and a 200 day moving average price of $79.89.

Institutional Investors Weigh In On Global X Copper Miners ETF

Several institutional investors have recently modified their holdings of COPX. Northwestern Mutual Wealth Management Co. raised its position in Global X Copper Miners ETF by 359,496.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 216,858,244 shares of the company’s stock worth $15,568,253,000 after buying an additional 216,797,938 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Global X Copper Miners ETF by 16.6% during the 4th quarter. JPMorgan Chase & Co. now owns 5,384,456 shares of the company’s stock valued at $386,550,000 after acquiring an additional 766,399 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Global X Copper Miners ETF by 4.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,777,913 shares of the company’s stock worth $271,217,000 after acquiring an additional 148,930 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in Global X Copper Miners ETF by 197.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,290,355 shares of the company’s stock valued at $174,869,000 after purchasing an additional 1,520,355 shares during the period. Finally, FIL Ltd boosted its holdings in Global X Copper Miners ETF by 71.4% in the fourth quarter. FIL Ltd now owns 1,583,170 shares of the company’s stock worth $114,491,000 after purchasing an additional 659,497 shares during the last quarter.

Global X Copper Miners ETF Company Profile

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.