USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Short Interest Down 48.2% in April

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 23,525 shares, a decrease of 48.2% from the April 15th total of 45,457 shares. Based on an average trading volume of 17,597 shares, the short-interest ratio is presently 1.3 days. Currently, 3.6% of the shares of the company are short sold.

USCF Daily Target 2X Copper Index ETF Trading Down 9.2%

Shares of CPXR stock traded down $3.05 on Friday, hitting $30.16. The company’s stock had a trading volume of 74,093 shares, compared to its average volume of 104,955. The stock’s 50 day moving average is $27.15 and its 200-day moving average is $26.17. USCF Daily Target 2X Copper Index ETF has a fifty-two week low of $16.90 and a fifty-two week high of $34.91.

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

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

About USCF Daily Target 2X Copper Index ETF

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.