USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Sees Large Increase in Short Interest

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 19,242 shares, an increase of 1,045.4% from the August 31st total of 1,680 shares. Approximately 4.4% of the shares of the stock are short sold. Based on an average daily volume of 18,461 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On USCF Daily Target 2X Copper Index ETF

An institutional investor recently bought a new position in USCF Daily Target 2X Copper Index ETF stock. Bank of New York Mellon Corp purchased a new stake in USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,000 shares of the company’s stock, valued at approximately $497,000. Bank of New York Mellon Corp owned approximately 3.03% of USCF Daily Target 2X Copper Index ETF at the end of the most recent reporting period.

USCF Daily Target 2X Copper Index ETF Stock Up 0.2%

NYSEARCA CPXR traded up $0.05 during trading on Thursday, reaching $33.11. 7,134 shares of the company traded hands, compared to its average volume of 61,270. USCF Daily Target 2X Copper Index ETF has a 1-year low of $19.13 and a 1-year high of $34.91. The stock’s 50 day moving average price is $31.84 and its two-hundred day moving average price is $29.77.

USCF Daily Target 2X Copper Index ETF Company Profile

The USCF Daily Target 2X Copper Index ETF (CPXR) is an exchange-traded fund that mostly invests in copper commodities. The fund is an actively managed fund that seeks 200% of the daily price performance of a copper futures index. The fund invests via a subsidiary that holds the contracts. CPXR was launched on Jan 21, 2025 and is issued by Marygold.