USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) Shares Shorted: Short Interest Up 1,045.4% in September

USCF Daily Target 2X Copper Index ETF (NYSEARCA:CPXR) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 19,242 shares, a growth of 1,045.4% from the August 31st total of 1,680 shares. Approximately 4.4% of the shares of the company are short sold. Based on an average daily volume of 18,461 shares, the days-to-cover ratio is currently 1.0 days.

USCF Daily Target 2X Copper Index ETF Stock Up 0.2%

CPXR stock traded up $0.05 during midday trading on Thursday, hitting $33.11. The stock had a trading volume of 7,134 shares, compared to its average volume of 61,270. USCF Daily Target 2X Copper Index ETF has a 52 week low of $19.13 and a 52 week high of $34.91. The stock has a 50-day simple moving average of $31.84 and a 200 day simple moving average of $29.77.

Hedge Funds Weigh In On USCF Daily Target 2X Copper Index ETF

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

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.