Global X Copper Miners ETF (NYSEARCA:COPX) Reaches New 12-Month Low – Time to Sell?

Global X Copper Miners ETF (NYSEARCA:COPX) shares reached a new 52-week low during trading on Thursday . The company traded as low as $36.78 and last traded at $36.80, with a volume of 2034821 shares traded. The stock had previously closed at $39.10.

Global X Copper Miners ETF Trading Down 6.9 %

The company has a market capitalization of $2.42 billion, a P/E ratio of 15.18 and a beta of 1.23. The business has a 50 day moving average price of $40.20 and a 200 day moving average price of $41.84.

Institutional Investors Weigh In On Global X Copper Miners ETF

A number of hedge funds have recently modified their holdings of the business. West Oak Capital LLC lifted its position in Global X Copper Miners ETF by 478.3% in the 4th quarter. West Oak Capital LLC now owns 665 shares of the company’s stock valued at $25,000 after acquiring an additional 550 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Global X Copper Miners ETF in the fourth quarter valued at about $55,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Global X Copper Miners ETF during the fourth quarter worth about $60,000. IFP Advisors Inc grew its holdings in shares of Global X Copper Miners ETF by 166.7% during the fourth quarter. IFP Advisors Inc now owns 1,600 shares of the company’s stock worth $61,000 after buying an additional 1,000 shares in the last quarter. Finally, Angeles Wealth Management LLC acquired a new stake in Global X Copper Miners ETF in the 4th quarter valued at approximately $84,000.

Global X Copper Miners ETF Company Profile

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.