USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Sees Significant Decline in Short Interest

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 2,256 shares, a drop of 80.0% from the July 30th total of 11,275 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 12,640 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in USCF Daily Target 2X Copper Index ETF stock. Bank of New York Mellon Corp purchased a new stake in USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 20,000 shares of the company’s stock, valued at approximately $497,000. Bank of New York Mellon Corp owned about 3.03% of USCF Daily Target 2X Copper Index ETF at the end of the most recent quarter.

USCF Daily Target 2X Copper Index ETF Price Performance

Shares of NYSEARCA:CPXR traded down $0.13 during mid-day trading on Thursday, reaching $32.32. 11,965 shares of the company’s stock were exchanged, compared to its average volume of 66,397. USCF Daily Target 2X Copper Index ETF has a twelve month low of $17.57 and a twelve month high of $34.91. The business’s fifty day moving average price is $30.64 and its 200-day moving average price is $29.11.

About USCF Daily Target 2X Copper Index ETF

The USCF Daily Target 2X Copper Index ETF (CPXR) is an exchange-traded fund that mostly invests in copper commodities. The fund is an actively managed fund that seeks 200% of the daily price performance of a copper futures index. The fund invests via a subsidiary that holds the contracts. CPXR was launched on Jan 21, 2025 and is issued by Marygold.