Global X Copper Miners ETF NEW
COPX
Market cap $2.69B

46.85 USD

+0.58

1.25%

At close Oct 11, 4:00 PM EDT

1 day

1.25%

5 days

-2.33%

1 month

17.95%

3 months

-0.89%

6 months

1.28%

Year to date

25.91%

1 year

31.12%

5 years

172.86%

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

238% more first-time investments, than exits

New positions opened: 71 | Existing positions closed: 21

122% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 32

35% more capital invested

Capital invested by funds: $735M [Q1] → $990M (+$255M) [Q2]

31% more funds holding

Funds holding: 161 [Q1] → 211 (+50) [Q2]

4% more call options, than puts

Call options by funds: $34.2M | Put options by funds: $33.1M

0.37% less ownership

Funds ownership: 39.09% [Q1] → 38.72% (-0.37%) [Q2]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for COPX.

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Financial journalist opinion

COPX: A Good ETF In A Likely Overbought Copper Market

In recent days, copper prices rallied hard on the back of Bank of China stimulus news. The current case for copper is much stronger than that for many other industrial metals. In spite of the stimulus plan, substantial macro risk still overhangs the market.

COPX: A Good ETF In A Likely Overbought Copper Market

Zacks Investment Research

ETFs to Consider as Copper Prices Reach 2-Month High

Look at ETFs to capitalize on the red metal's bullish trend, driven by renewed investor demand and the Fed's interest rate cut.

ETFs to Consider as Copper Prices Reach 2-Month High

Zacks Investment Research

Why Commodity ETFs Are Smart Investments in Today's Market

With uncertainties still present and the potential of an overreaction by the market, investing in commodity ETFs with exposure to metals like gold, copper, silver and uranium is a smart strategy to reduce portfolio volatility.

Why Commodity ETFs Are Smart Investments in Today's Market

Zacks Investment Research

ETFs in Focus as Copper Prices Hit Six-Week High

Copper prices have surged Tuesday, reaching their highest levels in nearly six weeks, according to CNBC. In New York, copper for September delivery briefly touched $4.3065 per pound on Tuesday, the highest since mid-July, before settling at $4.2365, up 0.4% for the day.

ETFs in Focus as Copper Prices Hit Six-Week High

COPX: The Long-Term Case Is Real

The long-term case for copper demand remains strong due to tech breakthroughs and green initiatives. Global X Copper Miners ETF provides exposure to a diversified group of copper mining companies worldwide. Investors should consider the potential risks and rewards of investing in the copper mining industry through the COPX ETF.

COPX: The Long-Term Case Is Real

COPX: Gold To Copper Ratio Signals Greater Trouble Ahead For Miners

Copper prices surged earlier in the year, but have since reversed gains as China's copper inventories slipped from extreme highs. Rising copper mining costs may offset post-2020 gains in copper, depending on economic and political risk in Latin America. China's efforts to bolster copper stockpiles may have pulled future demand forward, potentially leading to a sharp decline in imports later this year.

COPX: Gold To Copper Ratio Signals Greater Trouble Ahead For Miners

COPX: High Risk, Poor Reward

Global X Copper Miners ETF has underperformed the copper price and the majority of mining companies. Increased electrification is driving copper demand, but China's real estate decline hinders overall demand. Copper mining companies do not appear to be good earnings compounders, given the volatile cash flow nature.

COPX: High Risk, Poor Reward

BlackRock's Top Thematic Trends to Watch in 2H

Halfway through the year, thematic equity ETFs have exhibited wide levels of dispersion but continue to capture the market's attention heading into the second half of 2024.

BlackRock's Top Thematic Trends to Watch in 2H

COPX: Poised For Gains As Copper Demand Surges

Global X Copper Miners ETF (COPX) has delivered substantial returns for investors, rising 15.33% since my previous article last September. COPX is strategically positioned to benefit from the anticipated demand-supply imbalance for copper, driven by surging demand for electrification. With soaring demand and limited supply, copper prices are expected to rise, making COPX a solid choice for investors seeking exposure to copper.

COPX: Poised For Gains As Copper Demand Surges

The Motley Fool

Copper Miners ETF Is Only Sort of a Copper ETF. Is It a Buy?

Copper Miners ETF owns a collection of 40 copper-related miners. The exchange-traded fund has a fairly high 0.65% expense ratio, likely because of foreign holdings.

Copper Miners ETF Is Only Sort of a Copper ETF. Is It a Buy?

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