USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Stock Short Interest Declines 69.0%

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 1,121 shares, a decrease of 69.0% from the October 15th total of 3,621 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 8,117 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of USCF Daily Target 2X Copper Index ETF

A hedge fund recently bought a new position in USCF Daily Target 2X Copper Index ETF stock. Bank of New York Mellon Corp bought a new stake in shares of USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,000 shares of the company’s stock, valued at approximately $497,000. Bank of New York Mellon Corp owned 3.03% of USCF Daily Target 2X Copper Index ETF at the end of the most recent quarter.

USCF Daily Target 2X Copper Index ETF Price Performance

Shares of NYSEARCA CPXR traded down $1.02 during midday trading on Friday, hitting $26.50. 2,211 shares of the company’s stock traded hands, compared to its average volume of 52,611. USCF Daily Target 2X Copper Index ETF has a 1 year low of $20.96 and a 1 year high of $34.91. The firm has a fifty day moving average of $31.20 and a 200 day moving average of $29.70.

About USCF Daily Target 2X Copper Index ETF

The USCF Daily Target 2X Copper Index ETF (CPXR) is an exchange-traded fund that mostly invests in copper commodities. The fund is an actively managed fund that seeks 200% of the daily price performance of a copper futures index. The fund invests via a subsidiary that holds the contracts. CPXR was launched on Jan 21, 2025 and is issued by Marygold.