USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Shares Shorted: Short Interest Down 46.0% in October

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 3,621 shares, a decline of 46.0% from the September 30th total of 6,701 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 9,785 shares, the short-interest ratio is presently 0.4 days.

USCF Daily Target 2X Copper Index ETF Stock Performance

Shares of CPXR stock traded down $1.20 during trading hours on Friday, reaching $30.27. The company had a trading volume of 35,710 shares, compared to its average volume of 54,730. USCF Daily Target 2X Copper Index ETF has a 1-year low of $20.77 and a 1-year high of $34.91. The company has a 50 day moving average of $31.81 and a 200 day moving average of $29.69.

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

An institutional investor 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 first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,000 shares of the company’s stock, valued at approximately $497,000. Bank of New York Mellon Corp owned about 3.03% of USCF Daily Target 2X Copper Index ETF at the end of the most recent quarter.

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.