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

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 2,256 shares, a decrease of 80.0% from the July 30th total of 11,275 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 12,640 shares, the short-interest ratio is currently 0.2 days.

USCF Daily Target 2X Copper Index ETF Stock Performance

Shares of NYSEARCA CPXR traded down $1.08 during trading hours on Wednesday, reaching $32.51. The stock had a trading volume of 8,446 shares, compared to its average volume of 66,723. The business’s fifty day moving average is $30.61 and its two-hundred day moving average is $29.07. USCF Daily Target 2X Copper Index ETF has a twelve month low of $17.02 and a twelve month high of $34.91.

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 acquired a new position in USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,000 shares of the company’s stock, valued at approximately $497,000. Bank of New York Mellon Corp owned 3.03% of USCF Daily Target 2X Copper Index ETF as of its most recent SEC filing.

About USCF Daily Target 2X Copper Index ETF

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.