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

Global X Copper Miners ETF (NYSEARCA:COPX)’s stock price reached a new 52-week high on Monday . The company traded as high as $79.73 and last traded at $79.4120, with a volume of 1399591 shares traded. The stock had previously closed at $77.54.

Global X Copper Miners ETF Stock Performance

The business’s 50-day moving average is $66.92 and its 200-day moving average is $56.98. The company has a market capitalization of $5.42 billion, a PE ratio of 18.04 and a beta of 1.16.

Institutional Trading of Global X Copper Miners ETF

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Global X Copper Miners ETF by 507.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,618,057 shares of the company’s stock valued at $276,206,000 after buying an additional 3,858,174 shares in the last quarter. Bank of Nova Scotia bought a new position in shares of Global X Copper Miners ETF during the third quarter valued at $92,947,000. Bank of America Corp DE raised its position in shares of Global X Copper Miners ETF by 120.2% in the 3rd quarter. Bank of America Corp DE now owns 1,088,621 shares of the company’s stock worth $65,110,000 after purchasing an additional 594,279 shares during the last quarter. Wealth High Governance Capital Ltda bought a new position in Global X Copper Miners ETF in the 3rd quarter worth about $32,297,000. Finally, Merewether Investment Management LP purchased a new stake in Global X Copper Miners ETF during the 3rd quarter valued at about $22,698,000.

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.