Stock Traders Purchase High Volume of Global X Copper Miners ETF Call Options (NYSEARCA:COPX)

Global X Copper Miners ETF (NYSEARCA:COPX) saw unusually large options trading on Wednesday. Stock investors bought 119,603 call options on the stock. This is an increase of approximately 810% compared to the typical volume of 13,147 call options.

Global X Copper Miners ETF Stock Down 2.6%

NYSEARCA:COPX traded down $2.08 on Wednesday, hitting $78.06. The stock had a trading volume of 2,364,549 shares, compared to its average volume of 4,949,993. Global X Copper Miners ETF has a 52-week low of $41.51 and a 52-week high of $99.99. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 18.04 and a beta of 1.04. The business’s 50-day simple moving average is $83.36 and its two-hundred day simple moving average is $79.89.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Global X Copper Miners ETF during the 4th quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Global X Copper Miners ETF in the 1st quarter worth $30,000. International Assets Investment Management LLC bought a new position in Global X Copper Miners ETF in the 1st quarter worth $33,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Global X Copper Miners ETF during the fourth quarter valued at $30,000. Finally, Longview Financial Advisors Inc. purchased a new position in Global X Copper Miners ETF during the first quarter valued at $34,000.

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.