Traders Buy High Volume of Call Options on Global X Copper Miners ETF (NYSEARCA:COPX)

Global X Copper Miners ETF (NYSEARCA:COPX) was the target of unusually large options trading activity on Tuesday. Investors bought 7,336 call options on the stock. This is an increase of approximately 886% compared to the typical daily volume of 744 call options.

Global X Copper Miners ETF Stock Performance

COPX traded up $0.84 during midday trading on Tuesday, reaching $43.33. The company had a trading volume of 842,303 shares, compared to its average volume of 1,387,547. The business has a 50-day moving average price of $40.07 and a two-hundred day moving average price of $41.82. Global X Copper Miners ETF has a 12-month low of $36.79 and a 12-month high of $52.90. The stock has a market cap of $2.92 billion, a PE ratio of 16.06 and a beta of 1.35.

Institutional Investors Weigh In On Global X Copper Miners ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of COPX. West Oak Capital LLC increased its holdings in Global X Copper Miners ETF by 478.3% during the 4th quarter. West Oak Capital LLC now owns 665 shares of the company’s stock worth $25,000 after acquiring an additional 550 shares during the period. SBI Securities Co. Ltd. purchased a new position in Global X Copper Miners ETF during the fourth quarter worth about $55,000. Creative Financial Designs Inc. ADV bought a new position in Global X Copper Miners ETF in the 4th quarter worth about $60,000. IFP Advisors Inc raised its holdings in shares of Global X Copper Miners ETF by 166.7% in the 4th quarter. IFP Advisors Inc now owns 1,600 shares of the company’s stock valued at $61,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Angeles Wealth Management LLC bought a new stake in shares of Global X Copper Miners ETF during the 4th quarter valued at about $84,000.

About Global X Copper Miners ETF

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.