Global X Copper Miners ETF (NYSEARCA:COPX) Reaches New 52-Week Low – What’s Next?

Global X Copper Miners ETF (NYSEARCA:COPX)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $30.77 and last traded at $31.24, with a volume of 1904957 shares traded. The stock had previously closed at $32.31.

Global X Copper Miners ETF Stock Performance

The company’s 50-day moving average price is $39.34 and its 200 day moving average price is $41.30. The stock has a market capitalization of $2.22 billion, a PE ratio of 15.18 and a beta of 1.23.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. National Bank of Canada FI lifted its position in Global X Copper Miners ETF by 0.7% during the 3rd quarter. National Bank of Canada FI now owns 57,871 shares of the company’s stock valued at $2,736,000 after acquiring an additional 405 shares during the period. MML Investors Services LLC boosted its position in shares of Global X Copper Miners ETF by 7.3% in the 3rd quarter. MML Investors Services LLC now owns 24,443 shares of the company’s stock worth $1,155,000 after purchasing an additional 1,658 shares in the last quarter. Barclays PLC grew its stake in shares of Global X Copper Miners ETF by 245.8% in the 3rd quarter. Barclays PLC now owns 122,780 shares of the company’s stock worth $5,804,000 after buying an additional 87,278 shares during the last quarter. Virtu Financial LLC bought a new position in Global X Copper Miners ETF during the 3rd quarter valued at approximately $566,000. Finally, Sanctuary Advisors LLC raised its stake in Global X Copper Miners ETF by 649.2% during the third quarter. Sanctuary Advisors LLC now owns 32,088 shares of the company’s stock valued at $1,517,000 after buying an additional 27,805 shares during the last quarter.

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.