Investors Purchase Large Volume of Call Options on Global X Copper Miners ETF (NYSEARCA:COPX)

Global X Copper Miners ETF (NYSEARCA:COPX) was the target of unusually large options trading activity on Monday. Stock traders purchased 15,105 call options on the company. This represents an increase of 117% compared to the average daily volume of 6,959 call options.

Global X Copper Miners ETF Trading Up 4.9%

Global X Copper Miners ETF stock traded up $4.22 during mid-day trading on Monday, reaching $90.23. The company had a trading volume of 5,174,105 shares, compared to its average volume of 4,579,997. The business has a fifty day simple moving average of $71.15 and a 200 day simple moving average of $59.55. The company has a market cap of $6.67 billion, a P/E ratio of 18.04 and a beta of 1.16. Global X Copper Miners ETF has a fifty-two week low of $30.77 and a fifty-two week high of $92.75.

Hedge Funds Weigh In On Global X Copper Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of COPX. Wealth Enhancement Advisory Services LLC raised its position in Global X Copper Miners ETF by 3.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 46,617 shares of the company’s stock valued at $2,166,000 after purchasing an additional 1,355 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Global X Copper Miners ETF in the second quarter valued at approximately $158,000. Park Avenue Securities LLC boosted its position in Global X Copper Miners ETF by 8.4% during the 2nd quarter. Park Avenue Securities LLC now owns 7,816 shares of the company’s stock worth $352,000 after buying an additional 605 shares during the period. ORG Partners LLC boosted its position in Global X Copper Miners ETF by 4,320.0% during the 2nd quarter. ORG Partners LLC now owns 1,105 shares of the company’s stock worth $50,000 after buying an additional 1,080 shares during the period. Finally, Trivium Point Advisory LLC bought a new stake in Global X Copper Miners ETF during the 2nd quarter worth approximately $1,111,000.

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.