USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Short Interest Update

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 6,843 shares, a drop of 41.4% from the June 30th total of 11,673 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 9,340 shares, the days-to-cover ratio is presently 0.7 days.

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

An institutional investor 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 shares of USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) in the 1st quarter, according to the company in 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 3.03% of USCF Daily Target 2X Copper Index ETF as of its most recent filing with the Securities & Exchange Commission.

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

NYSEARCA:CPXR traded up $1.41 during trading on Thursday, reaching $31.41. The company’s stock had a trading volume of 9,064 shares, compared to its average volume of 73,396. The firm has a 50 day moving average of $30.26 and a 200-day moving average of $28.60. USCF Daily Target 2X Copper Index ETF has a 12 month low of $16.90 and a 12 month high of $34.91.

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.