Global X Copper Miners ETF (NYSEARCA:COPX) Stock Price Down 1.5% – Here’s Why

Global X Copper Miners ETF (NYSEARCA:COPX) shares fell 1.5% during trading on Thursday. The stock traded as low as $82.58 and last traded at $83.40. 2,673,480 shares were traded during trading, a decline of 35% from the average daily volume of 4,128,743 shares. The stock had previously closed at $84.70.

Global X Copper Miners ETF Stock Performance

The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 18.04 and a beta of 1.10. The firm’s 50 day moving average is $87.35 and its 200-day moving average is $83.09.

Institutional Trading of Global X Copper Miners ETF

Several large investors have recently made changes to their positions in COPX. Stonebridge Financial Group LLC lifted its holdings in Global X Copper Miners ETF by 6.1% in the 3rd quarter. Stonebridge Financial Group LLC now owns 68,474 shares of the company’s stock worth $5,800,000 after purchasing an additional 3,967 shares during the last quarter. Bullseye Investment Management LLC bought a new stake in Global X Copper Miners ETF during the second quarter worth approximately $28,000. Cidel Asset Management Inc. grew its holdings in Global X Copper Miners ETF by 25.2% during the second quarter. Cidel Asset Management Inc. now owns 6,133 shares of the company’s stock valued at $472,000 after purchasing an additional 1,233 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Global X Copper Miners ETF during the second quarter valued at approximately $123,000. Finally, NewEdge Advisors LLC raised its position in shares of Global X Copper Miners ETF by 11.1% in the second quarter. NewEdge Advisors LLC now owns 11,934 shares of the company’s stock valued at $919,000 after purchasing an additional 1,190 shares during the period.

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.