Global X Copper Miners ETF (NYSEARCA:COPX) Shares Gap Down – Should You Sell?

Global X Copper Miners ETF (NYSEARCA:COPX)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $46.85, but opened at $45.68. Global X Copper Miners ETF shares last traded at $46.44, with a volume of 135,314 shares.

Global X Copper Miners ETF Stock Down 2.0 %

The stock has a market cap of $2.12 billion, a PE ratio of 11.68 and a beta of 1.21. The company’s fifty day moving average is $43.36 and its 200 day moving average is $45.02.

Hedge Funds Weigh In On Global X Copper Miners ETF

A number of hedge funds have recently made changes to their positions in COPX. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Global X Copper Miners ETF in the second quarter valued at about $27,000. Baldwin Brothers LLC MA acquired a new position in shares of Global X Copper Miners ETF during the second quarter worth $50,000. Aptus Capital Advisors LLC lifted its position in shares of Global X Copper Miners ETF by 25.2% during the second quarter. Aptus Capital Advisors LLC now owns 2,064 shares of the company’s stock worth $93,000 after purchasing an additional 415 shares in the last quarter. Valley National Advisers Inc. purchased a new position in shares of Global X Copper Miners ETF in the first quarter valued at $94,000. Finally, Friedenthal Financial acquired a new stake in Global X Copper Miners ETF during the 2nd quarter valued at $122,000.

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.