Global X Copper Miners ETF (NYSEARCA:COPX) Shares Up 6.3% – Here’s What Happened

Global X Copper Miners ETF (NYSEARCA:COPX) shares were up 6.3% during trading on Monday . The stock traded as high as $92.75 and last traded at $91.4130. Approximately 3,146,759 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 4,365,516 shares. The stock had previously closed at $86.01.

Global X Copper Miners ETF Price Performance

The business has a 50-day moving average of $71.15 and a two-hundred day moving average of $59.55. The company has a market cap of $6.51 billion, a P/E ratio of 18.04 and a beta of 1.16.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Global X Copper Miners ETF by 3.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 46,617 shares of the company’s stock valued at $2,166,000 after acquiring an additional 1,355 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in Global X Copper Miners ETF in the second quarter worth about $158,000. Park Avenue Securities LLC boosted its holdings in Global X Copper Miners ETF by 8.4% in the second quarter. Park Avenue Securities LLC now owns 7,816 shares of the company’s stock worth $352,000 after acquiring an additional 605 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Global X Copper Miners ETF by 4,320.0% during the second quarter. ORG Partners LLC now owns 1,105 shares of the company’s stock valued at $50,000 after acquiring an additional 1,080 shares in the last quarter. Finally, Trivium Point Advisory LLC acquired a new position in shares of Global X Copper Miners ETF during the second quarter valued at about $1,111,000.

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.