Global X Copper Miners ETF Sees Unusually High Options Volume (NYSEARCA:COPX)

Global X Copper Miners ETF (NYSEARCA:COPX) was the target of unusually large options trading on Monday. Traders acquired 32,094 call options on the company. This is an increase of 152% compared to the average volume of 12,735 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in Global X Copper Miners ETF by 359,496.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 216,858,244 shares of the company’s stock worth $15,568,253,000 after acquiring an additional 216,797,938 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Global X Copper Miners ETF by 16.6% during the fourth quarter. JPMorgan Chase & Co. now owns 5,384,456 shares of the company’s stock worth $386,550,000 after purchasing an additional 766,399 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Global X Copper Miners ETF by 4.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,777,913 shares of the company’s stock worth $271,217,000 after purchasing an additional 148,930 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Global X Copper Miners ETF by 197.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,290,355 shares of the company’s stock worth $174,869,000 after purchasing an additional 1,520,355 shares during the period. Finally, FIL Ltd lifted its holdings in Global X Copper Miners ETF by 71.4% during the 4th quarter. FIL Ltd now owns 1,583,170 shares of the company’s stock worth $114,491,000 after purchasing an additional 659,497 shares during the last quarter.

Global X Copper Miners ETF Price Performance

Global X Copper Miners ETF stock traded down $1.89 during mid-day trading on Monday, hitting $92.53. 1,286,361 shares of the company’s stock traded hands, compared to its average volume of 4,305,234. The firm has a 50 day simple moving average of $81.85 and a two-hundred day simple moving average of $82.92. Global X Copper Miners ETF has a fifty-two week low of $48.94 and a fifty-two week high of $99.99. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 18.04 and a beta of 1.07.

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.