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

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 6,843 shares, a decrease of 41.4% from the June 30th total of 11,673 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily volume of 9,340 shares, the short-interest ratio is currently 0.7 days.

USCF Daily Target 2X Copper Index ETF Price Performance

NYSEARCA:CPXR traded up $0.41 during mid-day trading on Friday, reaching $31.82. The stock had a trading volume of 15,975 shares, compared to its average volume of 72,999. USCF Daily Target 2X Copper Index ETF has a twelve month low of $16.90 and a twelve month high of $34.91. The business has a 50 day simple moving average of $30.27 and a 200 day simple moving average of $28.62.

Institutional Trading of USCF Daily Target 2X Copper Index ETF

A hedge fund recently bought a new stake 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) in the first quarter, according to the company in its most recent filing 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 as of its most recent SEC filing.

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.