Global X Copper Miners ETF (NYSEARCA:COPX) Shares Gap Up – Still a Buy?

Global X Copper Miners ETF (NYSEARCA:COPX)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $91.98, but opened at $99.74. Global X Copper Miners ETF shares last traded at $92.10, with a volume of 8,600,913 shares.

Global X Copper Miners ETF Trading Up 2.6%

The business has a 50-day moving average price of $72.99 and a 200 day moving average price of $60.39. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16.

Institutional Investors Weigh In On Global X Copper Miners ETF

Several hedge funds have recently modified their holdings of the stock. WFA Asset Management Corp acquired a new position in shares of Global X Copper Miners ETF in the 2nd quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Global X Copper Miners ETF during the 4th quarter worth about $30,000. Sunbelt Securities Inc. purchased a new stake in Global X Copper Miners ETF during the third quarter valued at about $30,000. Caitlin John LLC acquired a new position in shares of Global X Copper Miners ETF in the third quarter worth about $33,000. Finally, US Bancorp DE acquired a new position in shares of Global X Copper Miners ETF in the third quarter worth about $60,000.

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.