USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Sees Large Decline in Short Interest

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXRGet Free Report) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 2,256 shares, a decline of 80.0% from the July 30th total of 11,275 shares. Based on an average daily volume of 12,640 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On USCF Daily Target 2X Copper Index ETF

A hedge fund recently bought a new stake in USCF Daily Target 2X Copper Index ETF stock. Bank of New York Mellon Corp purchased a new stake in USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXRFree Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 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 reporting period.

USCF Daily Target 2X Copper Index ETF Trading Down 3.2%

NYSEARCA CPXR traded down $1.08 during trading on Wednesday, hitting $32.51. The stock had a trading volume of 8,446 shares, compared to its average volume of 66,723. USCF Daily Target 2X Copper Index ETF has a 12 month low of $17.02 and a 12 month high of $34.91. The company’s 50-day moving average price is $30.61 and its two-hundred day moving average price is $29.07.

About USCF Daily Target 2X Copper Index ETF

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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.

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