Global X Copper Miners ETF (NYSEARCA:COPX) Sets New 1-Year High – What’s Next?

Global X Copper Miners ETF (NYSEARCA:COPX)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $85.58 and last traded at $84.2690, with a volume of 1682975 shares traded. The stock had previously closed at $82.25.

Global X Copper Miners ETF Trading Up 1.5%

The firm has a market cap of $6.10 billion, a P/E ratio of 18.04 and a beta of 1.16. The company has a fifty day moving average price of $69.83 and a two-hundred day moving average price of $58.73.

Institutional Investors Weigh In On Global X Copper Miners ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COPX. WFA Asset Management Corp acquired a new position in Global X Copper Miners ETF in the 2nd quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Global X Copper Miners ETF during the fourth quarter worth approximately $30,000. Sunbelt Securities Inc. acquired a new position in shares of Global X Copper Miners ETF in the third quarter valued at approximately $30,000. Caitlin John LLC bought a new position in shares of Global X Copper Miners ETF during the third quarter worth approximately $33,000. Finally, ORG Partners LLC lifted its holdings in 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 purchasing an additional 1,080 shares during the last quarter.

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.