USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Sees Significant Growth in Short Interest

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 11,673 shares, a growth of 1,567.6% from the June 15th total of 700 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,598 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On USCF Daily Target 2X Copper Index ETF

An institutional investor recently bought a new position in USCF Daily Target 2X Copper Index ETF stock. Bank of New York Mellon Corp acquired a new position in shares of USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $497,000. Bank of New York Mellon Corp owned 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 Trading Up 0.8%

NYSEARCA CPXR traded up $0.23 during trading on Friday, reaching $29.41. 3,869 shares of the company’s stock were exchanged, compared to its average volume of 79,904. The company’s fifty day simple moving average is $30.36 and its 200-day simple moving average is $28.27. USCF Daily Target 2X Copper Index ETF has a fifty-two week low of $16.90 and a fifty-two week high of $34.91.

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.