USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Short Interest Up 1,567.6% in June

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 11,673 shares, a growth of 1,567.6% from the June 15th total of 700 shares. Based on an average daily volume of 12,598 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.5% of the shares of the stock are short sold.

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 stake in USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and 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 Stock Performance

CPXR stock traded up $0.23 during trading on Friday, hitting $29.41. The company had a trading volume of 3,869 shares, compared to its average volume of 79,904. The firm has a 50-day moving average price of $30.36 and a 200-day moving average price of $28.27. USCF Daily Target 2X Copper Index ETF has a 12 month low of $16.90 and a 12 month high of $34.91.

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.