Short Interest in USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Decreases By 96.5%

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 939 shares, a decrease of 96.5% from the May 14th total of 27,189 shares. Based on an average trading volume of 22,310 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the stock are short sold.

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 its most recent disclosure with the SEC. The firm purchased 20,000 shares of the company’s stock, valued at approximately $497,000. Bank of New York Mellon Corp owned approximately 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 Trading Down 3.0%

Shares of CPXR stock traded down $0.91 during mid-day trading on Wednesday, hitting $29.74. 3,606 shares of the stock were exchanged, compared to its average volume of 92,191. The firm has a fifty day moving average of $29.20 and a 200 day moving average of $27.31. USCF Daily Target 2X Copper Index ETF has a 52-week low of $16.90 and a 52-week high of $34.91.

USCF Daily Target 2X Copper Index ETF Company Profile

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.