Short Interest in USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Decreases By 48.2%

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 23,525 shares, a drop of 48.2% from the April 15th total of 45,457 shares. Currently, 3.6% of the company’s shares are sold short. Based on an average daily volume of 17,597 shares, the days-to-cover ratio is currently 1.3 days.

USCF Daily Target 2X Copper Index ETF Price Performance

Shares of CPXR stock traded down $3.05 during mid-day trading on Friday, hitting $30.16. The stock had a trading volume of 74,093 shares, compared to its average volume of 104,955. USCF Daily Target 2X Copper Index ETF has a 12-month low of $16.90 and a 12-month high of $34.91. The firm’s 50-day moving average is $27.15 and its two-hundred day moving average is $26.15.

Institutional Trading of USCF Daily Target 2X Copper Index ETF

A hedge fund recently bought a new stake in USCF Daily Target 2X Copper Index ETF stock. Bank of New York Mellon Corp bought a new position in shares of USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $497,000. Bank of New York Mellon Corp owned approximately 3.03% of USCF Daily Target 2X Copper Index ETF at the end of the most recent reporting period.

USCF Daily Target 2X Copper Index ETF Company Profile

The USCF Daily Target 2X Copper Index ETF (CPXR) is an exchange-traded fund that mostly invests in copper commodities. The fund is an actively managed fund that seeks 200% of the daily price performance of a copper futures index. The fund invests via a subsidiary that holds the contracts. CPXR was launched on Jan 21, 2025 and is issued by Marygold.