Global X Copper Miners ETF (NYSEARCA:COPX) Reaches New 52-Week Low – What’s Next?

Global X Copper Miners ETF (NYSEARCA:COPX) shares reached a new 52-week low during trading on Thursday . The company traded as low as $36.78 and last traded at $36.80, with a volume of 2034821 shares traded. The stock had previously closed at $39.10.

Global X Copper Miners ETF Stock Down 10.2 %

The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 15.18 and a beta of 1.23. The firm’s 50 day moving average is $39.99 and its 200 day moving average is $41.74.

Institutional Trading of Global X Copper Miners ETF

Hedge funds have recently modified their holdings of the business. West Oak Capital LLC boosted its holdings in shares of Global X Copper Miners ETF by 478.3% during the fourth quarter. West Oak Capital LLC now owns 665 shares of the company’s stock worth $25,000 after purchasing an additional 550 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Global X Copper Miners ETF during the 4th quarter valued at $55,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Global X Copper Miners ETF during the 4th quarter valued at $60,000. IFP Advisors Inc grew its holdings in shares of Global X Copper Miners ETF by 166.7% during the 4th quarter. IFP Advisors Inc now owns 1,600 shares of the company’s stock valued at $61,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Angeles Wealth Management LLC acquired a new position in shares of Global X Copper Miners ETF in the fourth quarter worth $84,000.

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.