Global X Copper Miners ETF (NYSEARCA:COPX) Stock Price Up 6.5%

Global X Copper Miners ETF (NYSEARCA:COPX) shot up 6.5% during trading on Tuesday . The stock traded as high as $46.60 and last traded at $46.53. 854,796 shares changed hands during trading, a decline of 34% from the average session volume of 1,286,921 shares. The stock had previously closed at $43.69.

Global X Copper Miners ETF Stock Up 5.6 %

The firm’s 50 day simple moving average is $41.94 and its 200 day simple moving average is $44.32. The company has a market capitalization of $2.17 billion, a PE ratio of 11.68 and a beta of 1.21.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of COPX. Wealth Enhancement Advisory Services LLC lifted its position in shares of Global X Copper Miners ETF by 12.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 76,924 shares of the company’s stock worth $3,264,000 after purchasing an additional 8,214 shares during the last quarter. Barometer Capital Management Inc. lifted its position in shares of Global X Copper Miners ETF by 8.4% during the fourth quarter. Barometer Capital Management Inc. now owns 23,300 shares of the company’s stock worth $874,000 after purchasing an additional 1,800 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Global X Copper Miners ETF by 116.7% during the first quarter. Private Advisor Group LLC now owns 19,001 shares of the company’s stock worth $806,000 after purchasing an additional 10,232 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Global X Copper Miners ETF by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,476,842 shares of the company’s stock worth $62,663,000 after purchasing an additional 22,247 shares during the last quarter. Finally, Valley National Advisers Inc. bought a new stake in shares of Global X Copper Miners ETF during the first quarter worth $94,000.

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.