Global X Copper Miners ETF (NYSEARCA:COPX) Reaches New 12-Month Low – Time to Sell?

Global X Copper Miners ETF (NYSEARCA:COPX)’s share price hit a new 52-week low on Thursday . The company traded as low as $36.78 and last traded at $36.80, with a volume of 2034821 shares trading hands. The stock had previously closed at $39.10.

Global X Copper Miners ETF Stock Down 6.9 %

The business’s 50 day simple moving average is $40.20 and its two-hundred day simple moving average is $41.84. The stock has a market cap of $2.42 billion, a P/E ratio of 15.18 and a beta of 1.23.

Institutional Trading of Global X Copper Miners ETF

Hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of Global X Copper Miners ETF by 5.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,244 shares of the company’s stock worth $200,000 after purchasing an additional 250 shares during the period. National Bank of Canada FI raised its position in Global X Copper Miners ETF by 0.7% during the 3rd quarter. National Bank of Canada FI now owns 57,871 shares of the company’s stock worth $2,736,000 after purchasing an additional 405 shares during the last quarter. West Oak Capital LLC raised its position in Global X Copper Miners ETF by 478.3% during the 4th quarter. West Oak Capital LLC now owns 665 shares of the company’s stock worth $25,000 after purchasing an additional 550 shares during the last quarter. PCG Wealth Advisors LLC lifted its holdings in Global X Copper Miners ETF by 1.3% during the 4th quarter. PCG Wealth Advisors LLC now owns 45,039 shares of the company’s stock worth $1,720,000 after buying an additional 591 shares during the period. Finally, Bright Futures Wealth Management LLC. grew its position in shares of Global X Copper Miners ETF by 2.3% in the 4th quarter. Bright Futures Wealth Management LLC. now owns 26,269 shares of the company’s stock valued at $1,012,000 after buying an additional 595 shares during the last quarter.

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.