Global X Copper Miners ETF (NYSEARCA:COPX) Hits New 12-Month Low – Should You Sell?

Global X Copper Miners ETF (NYSEARCA:COPX) hit a new 52-week low during trading on Wednesday . The company traded as low as $30.77 and last traded at $31.24, with a volume of 1904957 shares traded. The stock had previously closed at $32.31.

Global X Copper Miners ETF Stock Down 3.3 %

The company’s 50-day moving average is $39.58 and its 200 day moving average is $41.50. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 15.18 and a beta of 1.23.

Institutional Trading of Global X Copper Miners ETF

A number of institutional investors and hedge funds have recently made changes to their positions in COPX. National Bank of Canada FI increased its position in shares of Global X Copper Miners ETF by 0.7% during the third quarter. National Bank of Canada FI now owns 57,871 shares of the company’s stock worth $2,736,000 after purchasing an additional 405 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Global X Copper Miners ETF by 7.3% during the third quarter. MML Investors Services LLC now owns 24,443 shares of the company’s stock worth $1,155,000 after buying an additional 1,658 shares in the last quarter. Barclays PLC grew its holdings in shares of Global X Copper Miners ETF by 245.8% during the third quarter. Barclays PLC now owns 122,780 shares of the company’s stock worth $5,804,000 after buying an additional 87,278 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Global X Copper Miners ETF in the third quarter valued at about $566,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of Global X Copper Miners ETF by 649.2% in the third quarter. Sanctuary Advisors LLC now owns 32,088 shares of the company’s stock worth $1,517,000 after buying an additional 27,805 shares in the last quarter.

About Global X Copper Miners ETF

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.