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

Global X Copper Miners ETF (NYSEARCA:COPX) was the target of some unusual options trading activity on Monday. Stock traders bought 32,094 call options on the stock. This is an increase of 152% compared to the average volume of 12,735 call options.

Global X Copper Miners ETF Price Performance

NYSEARCA:COPX opened at $89.24 on Wednesday. The company’s fifty day moving average price is $82.20 and its 200-day moving average price is $82.94. Global X Copper Miners ETF has a 1-year low of $48.94 and a 1-year high of $99.99. The firm has a market capitalization of $8.28 billion, a P/E ratio of 18.04 and a beta of 1.07.

Hedge Funds Weigh In On Global X Copper Miners ETF

A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Global X Copper Miners ETF by 359,496.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 216,858,244 shares of the company’s stock worth $15,568,253,000 after buying an additional 216,797,938 shares during the last quarter. JPMorgan Chase & Co. raised its position in Global X Copper Miners ETF by 16.6% during the fourth quarter. JPMorgan Chase & Co. now owns 5,384,456 shares of the company’s stock valued at $386,550,000 after acquiring an additional 766,399 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Global X Copper Miners ETF by 4.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,777,913 shares of the company’s stock valued at $271,217,000 after acquiring an additional 148,930 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Global X Copper Miners ETF by 197.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,290,355 shares of the company’s stock valued at $174,869,000 after acquiring an additional 1,520,355 shares during the period. Finally, FIL Ltd lifted its holdings in Global X Copper Miners ETF by 71.4% in the fourth quarter. FIL Ltd now owns 1,583,170 shares of the company’s stock valued at $114,491,000 after acquiring an additional 659,497 shares during the period.

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.