Global X Copper Miners ETF Target of Unusually High Options Trading (NYSEARCA:COPX)

Global X Copper Miners ETF (NYSEARCA:COPX) was the target of unusually large options trading on Tuesday. Stock traders bought 7,336 call options on the stock. This is an increase of approximately 886% compared to the average daily volume of 744 call options.

Hedge Funds Weigh In On Global X Copper Miners ETF

A number of institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in Global X Copper Miners ETF by 4.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,489,360 shares of the company’s stock valued at $133,224,000 after buying an additional 135,278 shares during the last quarter. Invesco Ltd. boosted its holdings in Global X Copper Miners ETF by 1.3% during the fourth quarter. Invesco Ltd. now owns 1,272,162 shares of the company’s stock worth $48,571,000 after purchasing an additional 16,562 shares during the last quarter. Fielder Capital Group LLC grew its position in Global X Copper Miners ETF by 3.8% in the 4th quarter. Fielder Capital Group LLC now owns 381,883 shares of the company’s stock worth $14,580,000 after purchasing an additional 13,899 shares in the last quarter. LPL Financial LLC increased its stake in Global X Copper Miners ETF by 10.7% in the 4th quarter. LPL Financial LLC now owns 302,564 shares of the company’s stock valued at $11,552,000 after buying an additional 29,213 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Global X Copper Miners ETF by 10.7% during the 4th quarter. Ameriprise Financial Inc. now owns 236,185 shares of the company’s stock worth $9,016,000 after buying an additional 22,763 shares in the last quarter.

Global X Copper Miners ETF Price Performance

Shares of Global X Copper Miners ETF stock traded up $0.84 during trading on Tuesday, reaching $43.33. 842,303 shares of the company traded hands, compared to its average volume of 1,387,547. The firm has a market capitalization 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. The company has a 50 day moving average price of $40.07 and a 200-day moving average price of $41.82.

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.