Global X Copper Miners ETF (NYSEARCA:COPX) Shares Gap Down – Should You Sell?

Global X Copper Miners ETF (NYSEARCA:COPXGet Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $46.85, but opened at $45.68. Global X Copper Miners ETF shares last traded at $46.44, with a volume of 135,314 shares changing hands.

Global X Copper Miners ETF Trading Down 2.0 %

The business’s 50-day moving average is $43.36 and its two-hundred day moving average is $45.02. The firm has a market cap of $2.12 billion, a P/E ratio of 11.68 and a beta of 1.21.

Institutional Trading of Global X Copper Miners ETF

A number of institutional investors and hedge funds have recently made changes to their positions in COPX. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Global X Copper Miners ETF during the second quarter worth about $27,000. Baldwin Brothers LLC MA bought a new stake in Global X Copper Miners ETF in the 2nd quarter valued at about $50,000. Aptus Capital Advisors LLC boosted its stake in Global X Copper Miners ETF by 25.2% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,064 shares of the company’s stock valued at $93,000 after purchasing an additional 415 shares during the period. Valley National Advisers Inc. bought a new position in Global X Copper Miners ETF in the 1st quarter worth about $94,000. Finally, Friedenthal Financial acquired a new stake in shares of Global X Copper Miners ETF in the second quarter valued at approximately $122,000.

About Global X Copper Miners ETF

(Get Free Report)

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.

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