Global X Copper Miners ETF (NYSEARCA:COPX) Stock Falls 1.5% – What’s Next?

Global X Copper Miners ETF (NYSEARCA:COPX)’s share price fell 1.5% during trading on Thursday. The stock traded as low as $82.58 and last traded at $83.40. 2,673,480 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 4,128,743 shares. The stock had previously closed at $84.70.

Global X Copper Miners ETF Trading Up 3.0%

The company’s 50 day moving average is $87.51 and its 200 day moving average is $83.11. The company has a market cap of $7.34 billion, a PE ratio of 18.04 and a beta of 1.10.

Institutional Trading of Global X Copper Miners ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Global X Copper Miners ETF by 16.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,384,456 shares of the company’s stock valued at $386,550,000 after purchasing an additional 766,399 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Global X Copper Miners ETF by 197.4% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,290,355 shares of the company’s stock valued at $174,869,000 after acquiring an additional 1,520,355 shares during the period. Bank of America Corp DE boosted its position in Global X Copper Miners ETF by 97.2% during the first quarter. Bank of America Corp DE now owns 1,184,044 shares of the company’s stock valued at $90,402,000 after purchasing an additional 583,597 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in Global X Copper Miners ETF in the first quarter valued at about $69,682,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Global X Copper Miners ETF during the fourth quarter valued at about $24,768,000.

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.