Global X Copper Miners ETF (NYSEARCA:COPX) Sees Strong Trading Volume – What’s Next?

Shares of Global X Copper Miners ETF (NYSEARCA:COPX) saw an uptick in trading volume on Thursday . 736,158 shares changed hands during trading, a decline of 45% from the previous session’s volume of 1,339,209 shares.The stock last traded at $44.75 and had previously closed at $44.97.

Global X Copper Miners ETF Price Performance

The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 11.68 and a beta of 1.21. The company has a 50-day simple moving average of $44.11 and a two-hundred day simple moving average of $45.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in Global X Copper Miners ETF by 12.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,924 shares of the company’s stock worth $3,264,000 after acquiring an additional 8,214 shares during the period. Private Advisor Group LLC lifted its holdings in Global X Copper Miners ETF by 116.7% in the first quarter. Private Advisor Group LLC now owns 19,001 shares of the company’s stock worth $806,000 after purchasing an additional 10,232 shares during the period. Price T Rowe Associates Inc. MD grew its position in Global X Copper Miners ETF by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,476,842 shares of the company’s stock valued at $62,663,000 after buying an additional 22,247 shares in the last quarter. Truist Financial Corp increased its stake in Global X Copper Miners ETF by 2.9% during the 2nd quarter. Truist Financial Corp now owns 13,070 shares of the company’s stock valued at $590,000 after buying an additional 370 shares during the period. Finally, Valley National Advisers Inc. bought a new stake in Global X Copper Miners ETF during the first quarter worth approximately $94,000.

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.