Global X Copper Miners ETF (NYSEARCA:COPX) Shares Gap Up to $47.22

Global X Copper Miners ETF (NYSEARCA:COPX) gapped up before the market opened on Friday . The stock had previously closed at $47.22, but opened at $48.52. Global X Copper Miners ETF shares last traded at $48.33, with a volume of 147,349 shares.

Global X Copper Miners ETF Price Performance

The stock’s 50-day moving average is $47.07 and its 200 day moving average is $41.74. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 11.68 and a beta of 1.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bright Futures Wealth Management LLC. acquired a new position in shares of Global X Copper Miners ETF during the 1st quarter worth $1,086,000. Jaffetilchin Investment Partners LLC acquired a new position in Global X Copper Miners ETF during the first quarter worth about $444,000. Comerica Bank lifted its holdings in shares of Global X Copper Miners ETF by 29.4% in the first quarter. Comerica Bank now owns 14,341 shares of the company’s stock valued at $608,000 after purchasing an additional 3,257 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Global X Copper Miners ETF by 26.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 18,358 shares of the company’s stock valued at $779,000 after purchasing an additional 3,885 shares in the last quarter. Finally, Caxton Associates LP acquired a new stake in shares of Global X Copper Miners ETF in the first quarter valued at approximately $2,790,000.

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.