Global X Copper Miners ETF (NYSEARCA:COPX) Trading 3% Higher – Here’s What Happened

Global X Copper Miners ETF (NYSEARCA:COPX)’s stock price was up 3% during mid-day trading on Friday . The company traded as high as $76.17 and last traded at $75.9530. Approximately 786,881 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 1,632,553 shares. The stock had previously closed at $73.75.

Global X Copper Miners ETF Stock Up 3.1%

The business’s fifty day moving average price is $63.94 and its 200 day moving average price is $54.37. The firm has a market capitalization of $4.19 billion, a PE ratio of 18.04 and a beta of 1.16.

Institutional Investors Weigh In On Global X Copper Miners ETF

Several hedge funds have recently made changes to their positions in the business. WFA Asset Management Corp purchased a new position in Global X Copper Miners ETF during the second quarter worth about $25,000. Sunbelt Securities Inc. acquired a new position in shares of Global X Copper Miners ETF during the 3rd quarter valued at about $30,000. Caitlin John LLC acquired a new position in shares of Global X Copper Miners ETF during the 3rd quarter valued at about $33,000. ORG Partners LLC lifted its holdings in shares of Global X Copper Miners ETF by 4,320.0% during the 2nd quarter. ORG Partners LLC now owns 1,105 shares of the company’s stock worth $50,000 after acquiring an additional 1,080 shares during the period. Finally, US Bancorp DE acquired a new stake in shares of Global X Copper Miners ETF in the third quarter worth approximately $60,000.

About Global X Copper Miners ETF

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.