Investors Buy High Volume of Global X Copper Miners ETF Call Options (NYSEARCA:COPX)

Global X Copper Miners ETF (NYSEARCA:COPX) saw unusually large options trading activity on Monday. Stock investors acquired 32,094 call options on the stock. This is an increase of 152% compared to the typical volume of 12,735 call options.

Global X Copper Miners ETF Stock Down 2.0%

Shares of COPX stock traded down $1.89 during trading on Monday, reaching $92.53. The company’s stock had a trading volume of 1,286,361 shares, compared to its average volume of 4,305,234. Global X Copper Miners ETF has a one year low of $48.94 and a one year high of $99.99. The business has a fifty day moving average price of $81.85 and a 200-day moving average price of $82.92. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 18.04 and a beta of 1.07.

Institutional Trading of Global X Copper Miners ETF

Several institutional investors and hedge funds have recently bought and sold shares of COPX. Northwestern Mutual Wealth Management Co. grew its stake in shares of Global X Copper Miners ETF by 359,496.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 216,858,244 shares of the company’s stock valued at $15,568,253,000 after buying an additional 216,797,938 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Global X Copper Miners ETF by 197.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,290,355 shares of the company’s stock valued at $174,869,000 after acquiring an additional 1,520,355 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of Global X Copper Miners ETF during the 1st quarter worth about $69,682,000. JPMorgan Chase & Co. raised its holdings in shares of Global X Copper Miners ETF by 16.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,384,456 shares of the company’s stock valued at $386,550,000 after purchasing an additional 766,399 shares during the period. Finally, PointState Capital LP acquired a new stake in Global X Copper Miners ETF in the 4th quarter valued at about $54,012,000.

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.