Global X Copper Miners ETF Sees Unusually Large Options Volume (NYSEARCA:COPX)

Global X Copper Miners ETF (NYSEARCA:COPX) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 7,336 call options on the company. This is an increase of 886% compared to the typical volume of 744 call options.

Global X Copper Miners ETF Price Performance

Shares of COPX opened at $43.32 on Wednesday. The firm has a 50-day simple moving average of $40.15 and a two-hundred day simple moving average of $41.85. The stock has a market cap of $2.92 billion, a PE ratio of 16.06 and a beta of 1.35. Global X Copper Miners ETF has a 1-year low of $36.79 and a 1-year high of $52.90.

Institutional Trading of Global X Copper Miners ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its position in Global X Copper Miners ETF by 5.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,244 shares of the company’s stock valued at $200,000 after acquiring an additional 250 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Global X Copper Miners ETF by 0.7% in the third quarter. National Bank of Canada FI now owns 57,871 shares of the company’s stock valued at $2,736,000 after purchasing an additional 405 shares in the last quarter. Pekin Hardy Strauss Inc. increased its stake in Global X Copper Miners ETF by 3.6% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 12,952 shares of the company’s stock worth $612,000 after buying an additional 450 shares during the period. West Oak Capital LLC boosted its position in Global X Copper Miners ETF by 478.3% in the 4th quarter. West Oak Capital LLC now owns 665 shares of the company’s stock valued at $25,000 after buying an additional 550 shares during the period. Finally, PCG Wealth Advisors LLC grew its stake in shares of Global X Copper Miners ETF by 1.3% in the fourth quarter. PCG Wealth Advisors LLC now owns 45,039 shares of the company’s stock worth $1,720,000 after acquiring an additional 591 shares in the last quarter.

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.