Stock Traders Buy Large Volume of Put Options on Global X Copper Miners ETF (NYSEARCA:COPX)

Global X Copper Miners ETF (NYSEARCA:COPX) saw some unusual options trading activity on Monday. Stock investors acquired 6,321 put options on the company. This represents an increase of approximately 202% compared to the typical daily volume of 2,095 put options.

Institutional Trading of Global X Copper Miners ETF

A number of hedge funds have recently bought and sold shares of the company. Wealthspan Partners LLC grew its position in Global X Copper Miners ETF by 15.6% during the second quarter. Wealthspan Partners LLC now owns 16,587 shares of the company’s stock valued at $748,000 after buying an additional 2,233 shares during the period. Parsons Capital Management Inc. RI purchased a new position in shares of Global X Copper Miners ETF during the 2nd quarter worth $1,428,000. Raymond James & Associates grew its position in shares of Global X Copper Miners ETF by 82.9% during the 2nd quarter. Raymond James & Associates now owns 92,996 shares of the company’s stock valued at $4,195,000 after acquiring an additional 42,156 shares during the period. Valley National Advisers Inc. increased its stake in shares of Global X Copper Miners ETF by 34.9% in the 2nd quarter. Valley National Advisers Inc. now owns 2,997 shares of the company’s stock worth $135,000 after purchasing an additional 775 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its stake in shares of Global X Copper Miners ETF by 32.5% in the 2nd quarter. 180 Wealth Advisors LLC now owns 12,385 shares of the company’s stock worth $585,000 after purchasing an additional 3,036 shares in the last quarter.

Global X Copper Miners ETF Trading Down 0.7 %

Shares of COPX opened at $42.64 on Wednesday. The firm has a market cap of $2.00 billion, a PE ratio of 11.68 and a beta of 1.21. Global X Copper Miners ETF has a 1-year low of $31.65 and a 1-year high of $52.90. The firm has a fifty day simple moving average of $46.70 and a two-hundred day simple moving average of $42.55.

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.