Global X Copper Miners ETF (NYSEARCA:COPX) Shares Gap Up – What’s Next?

Global X Copper Miners ETF (NYSEARCA:COPX)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $91.98, but opened at $99.74. Global X Copper Miners ETF shares last traded at $92.10, with a volume of 8,600,913 shares.

Global X Copper Miners ETF Stock Up 2.6%

The business has a 50-day simple moving average of $72.99 and a two-hundred day simple moving average of $60.39. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Global X Copper Miners ETF by 507.7% in the third quarter. JPMorgan Chase & Co. now owns 4,618,057 shares of the company’s stock worth $276,206,000 after acquiring an additional 3,858,174 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Global X Copper Miners ETF by 9.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,193,338 shares of the company’s stock worth $188,323,000 after purchasing an additional 372,362 shares during the last quarter. Bank of Nova Scotia bought a new stake in shares of Global X Copper Miners ETF in the 3rd quarter worth approximately $92,947,000. Invesco Ltd. raised its holdings in shares of Global X Copper Miners ETF by 3.1% in the 2nd quarter. Invesco Ltd. now owns 1,312,149 shares of the company’s stock worth $59,047,000 after purchasing an additional 39,987 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Global X Copper Miners ETF by 120.2% during the third quarter. Bank of America Corp DE now owns 1,088,621 shares of the company’s stock valued at $65,110,000 after purchasing an additional 594,279 shares during the last quarter.

About Global X Copper Miners ETF

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.