USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Shares Shorted: Short Interest Down 46.0% in October

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 3,621 shares, a decrease of 46.0% from the September 30th total of 6,701 shares. Based on an average daily trading volume, of 9,785 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.9% of the company’s shares are short sold.

USCF Daily Target 2X Copper Index ETF Stock Down 3.8%

CPXR traded down $1.20 during mid-day trading on Friday, reaching $30.27. The stock had a trading volume of 35,710 shares, compared to its average volume of 54,730. The firm’s fifty day simple moving average is $31.81 and its two-hundred day simple moving average is $29.69. USCF Daily Target 2X Copper Index ETF has a 52 week low of $20.77 and a 52 week high of $34.91.

Hedge Funds Weigh In On USCF Daily Target 2X Copper Index ETF

A hedge fund recently bought a new position 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.

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.