Stock Traders Buy Large Volume of Call Options on Global X Copper Miners ETF (NYSEARCA:COPX)

Global X Copper Miners ETF (NYSEARCA:COPX) was the recipient of some unusual options trading on Friday. Traders bought 25,540 call options on the company. This represents an increase of 86% compared to the average daily volume of 13,716 call options.

Institutional Trading of Global X Copper Miners ETF

A number of large investors have recently made changes to their positions in COPX. Bullseye Investment Management LLC bought a new position in shares of Global X Copper Miners ETF in the 2nd quarter valued at about $28,000. Groupe la Francaise raised its position in Global X Copper Miners ETF by 67.4% during the second quarter. Groupe la Francaise now owns 385 shares of the company’s stock valued at $30,000 after purchasing an additional 155 shares during the period. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Global X Copper Miners ETF in the 4th quarter valued at approximately $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Global X Copper Miners ETF in the 1st quarter worth approximately $30,000. Finally, International Assets Investment Management LLC bought a new position in shares of Global X Copper Miners ETF during the 1st quarter valued at approximately $33,000.

Global X Copper Miners ETF Trading Up 2.3%

COPX traded up $1.95 during trading hours on Friday, hitting $85.35. The company’s stock had a trading volume of 1,123,295 shares, compared to its average volume of 4,112,431. The business’s 50-day moving average price is $87.35 and its 200-day moving average price is $83.09. Global X Copper Miners ETF has a 12 month low of $56.93 and a 12 month high of $99.99. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 18.04 and a beta of 1.10.

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.