Global X Copper Miners ETF (NYSEARCA:COPX) Hits New 12-Month High at $46.78

Shares of Global X Copper Miners ETF (NYSEARCA:COPX) hit a new 52-week high on Tuesday . The stock traded as high as $46.78 and last traded at $46.60, with a volume of 318170 shares trading hands. The stock had previously closed at $45.50.

Global X Copper Miners ETF Stock Down 0.9 %

The company has a 50-day simple moving average of $38.83 and a two-hundred day simple moving average of $36.52. The stock has a market cap of $1.77 billion, a P/E ratio of 7.92 and a beta of 1.43.

Hedge Funds Weigh In On Global X Copper Miners ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. raised its holdings in shares of Global X Copper Miners ETF by 451.8% during the third quarter. Citigroup Inc. now owns 7,560 shares of the company’s stock valued at $275,000 after acquiring an additional 6,190 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Global X Copper Miners ETF in the third quarter worth $471,000. SG Americas Securities LLC purchased a new stake in Global X Copper Miners ETF in the third quarter worth $502,000. B. Riley Wealth Advisors Inc. grew its stake in Global X Copper Miners ETF by 7.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 18,358 shares of the company’s stock worth $668,000 after purchasing an additional 1,305 shares during the period. Finally, Gotham Asset Management LLC purchased a new stake in Global X Copper Miners ETF in the third quarter worth $798,000.

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.