Global X Copper Miners ETF (NYSEARCA:COPX) Sees Unusually-High Trading Volume

Global X Copper Miners ETF (NYSEARCA:COPX) shares saw unusually-high trading volume on Monday . Approximately 602,372 shares traded hands during mid-day trading, a decline of 39% from the previous session’s volume of 993,905 shares.The stock last traded at $46.15 and had previously closed at $45.48.

Global X Copper Miners ETF Trading Down 1.4 %

The firm has a 50-day simple moving average of $39.62 and a two-hundred day simple moving average of $36.80. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 11.74 and a beta of 1.25.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of COPX. NewEdge Advisors LLC boosted its stake in shares of Global X Copper Miners ETF by 1.4% during the 1st quarter. NewEdge Advisors LLC now owns 22,485 shares of the company’s stock worth $1,023,000 after acquiring an additional 315 shares in the last quarter. FMR LLC boosted its stake in shares of Global X Copper Miners ETF by 80.3% during the 3rd quarter. FMR LLC now owns 725 shares of the company’s stock worth $26,000 after acquiring an additional 323 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Global X Copper Miners ETF by 0.5% during the 4th quarter. Stifel Financial Corp now owns 73,312 shares of the company’s stock worth $2,749,000 after acquiring an additional 396 shares in the last quarter. Snowden Capital Advisors LLC boosted its stake in shares of Global X Copper Miners ETF by 7.1% during the 2nd quarter. Snowden Capital Advisors LLC now owns 6,030 shares of the company’s stock worth $227,000 after acquiring an additional 400 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its stake in shares of Global X Copper Miners ETF by 4.8% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 9,245 shares of the company’s stock worth $337,000 after acquiring an additional 425 shares in 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.