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

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 6,843 shares, a decline of 41.4% from the June 30th total of 11,673 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily volume of 9,340 shares, the short-interest ratio is currently 0.7 days.

USCF Daily Target 2X Copper Index ETF Stock Performance

Shares of USCF Daily Target 2X Copper Index ETF stock traded up $1.41 on Thursday, hitting $31.41. The company had a trading volume of 9,064 shares, compared to its average volume of 73,396. USCF Daily Target 2X Copper Index ETF has a 1 year low of $16.90 and a 1 year high of $34.91. The stock has a 50 day moving average of $30.26 and a 200-day moving average of $28.60.

Institutional Trading of 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 purchased a new position in shares of USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

About USCF Daily Target 2X Copper Index ETF

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.