Global X Copper Miners ETF (NYSEARCA:COPX – Get Free Report) was the recipient of unusually large options trading activity on Friday. Stock traders bought 25,540 call options on the company. This is an increase of 86% compared to the typical volume of 13,716 call options.
Global X Copper Miners ETF Stock Up 2.3%
Global X Copper Miners ETF stock traded up $1.95 during midday trading on Friday, reaching $85.35. The stock had a trading volume of 1,123,295 shares, compared to its average volume of 4,112,431. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 18.04 and a beta of 1.10. Global X Copper Miners ETF has a 52-week low of $56.93 and a 52-week high of $99.99. The company has a fifty day moving average of $87.35 and a 200 day moving average of $83.09.
Institutional Investors Weigh In On Global X Copper Miners ETF
Hedge funds and other institutional investors have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Global X Copper Miners ETF by 197.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,290,355 shares of the company’s stock valued at $174,869,000 after purchasing an additional 1,520,355 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in Global X Copper Miners ETF in the 1st quarter valued at about $69,682,000. JPMorgan Chase & Co. grew its stake in Global X Copper Miners ETF by 16.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,384,456 shares of the company’s stock worth $386,550,000 after acquiring an additional 766,399 shares in the last quarter. Bank of America Corp DE increased its position in shares of Global X Copper Miners ETF by 97.2% during the first quarter. Bank of America Corp DE now owns 1,184,044 shares of the company’s stock worth $90,402,000 after acquiring an additional 583,597 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Global X Copper Miners ETF during the fourth quarter worth approximately $24,768,000.
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.
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