Global X Copper Miners ETF (NYSEARCA:COPX) Shares Gap Down – Here’s Why

Global X Copper Miners ETF (NYSEARCA:COPXGet Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $95.27, but opened at $89.66. Global X Copper Miners ETF shares last traded at $88.75, with a volume of 1,190,847 shares traded.

Global X Copper Miners ETF Trading Down 0.1%

The business has a 50 day moving average of $84.59 and a 200-day moving average of $83.20. The stock has a market cap of $8.21 billion, a PE ratio of 18.04 and a beta of 1.10.

Hedge Funds Weigh In On Global X Copper Miners ETF

A number of institutional investors have recently made changes to their positions in the stock. Bullseye Investment Management LLC acquired a new stake in shares of Global X Copper Miners ETF during the second quarter valued at $28,000. Groupe la Francaise increased its position in Global X Copper Miners ETF by 67.4% during the 2nd quarter. Groupe la Francaise now owns 385 shares of the company’s stock worth $30,000 after purchasing an additional 155 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in Global X Copper Miners ETF in the 4th quarter valued at about $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Global X Copper Miners ETF in the 1st quarter valued at about $30,000. Finally, International Assets Investment Management LLC acquired a new position in Global X Copper Miners ETF in the 1st quarter valued at about $33,000.

Global X Copper Miners ETF Company Profile

(Get Free Report)

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.

Further Reading

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