Global X Copper Miners ETF (NYSEARCA:COPX) Hits New 52-Week High – Here’s Why

Global X Copper Miners ETF (NYSEARCA:COPX) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $92.75 and last traded at $88.08, with a volume of 16127950 shares traded. The stock had previously closed at $86.01.

Global X Copper Miners ETF Price Performance

The business has a fifty day moving average price of $72.99 and a two-hundred day moving average price of $60.39. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16.

Hedge Funds Weigh In On Global X Copper Miners ETF

A number of institutional investors have recently bought and sold shares of COPX. Barnes Dennig Private Wealth Management LLC acquired a new stake in Global X Copper Miners ETF during the 4th quarter valued at approximately $30,000. Sunbelt Securities Inc. purchased a new position in shares of Global X Copper Miners ETF during the third quarter worth $30,000. WFA Asset Management Corp acquired a new position in Global X Copper Miners ETF during the second quarter valued at $25,000. Caitlin John LLC purchased a new stake in Global X Copper Miners ETF in the third quarter valued at $33,000. Finally, US Bancorp DE purchased a new stake in Global X Copper Miners ETF in the third quarter valued at $60,000.

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.