Global X Copper Miners ETF NEWCOPX
COPX
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
29% more call options, than puts
Call options by funds: $40.1M | Put options by funds: $31.1M
17% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 59
2% more capital invested
Capital invested by funds: $1.02B [Q2] → $1.04B (+$21.2M) [Q3]
2.03% less ownership
Funds ownership: 39.13% [Q2] → 37.1% (-2.03%) [Q3]
8% less funds holding
Funds holding: 211 [Q2] → 194 (-17) [Q3]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
40% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 43
Research analyst outlook
We haven’t received any recent analyst ratings for COPX.
Financial journalist opinion
Positive
Benzinga
3 weeks ago
Copper's High-Wire Act: Can EVs, New Tech Power The Metal's Next Big Surge?
As the world hurtles toward an electrified future, the copper market stands at a crossroads.
Negative
Seeking Alpha
1 month ago
COPX: Copper Mining ETF A Hold Amid Commodity Price Slide
A strong dollar and fear of anti-China tariffs from the incoming Trump administration have put downward pressure on the price of copper. Copper mining stocks have traded at a premium to diversified counterparts due to the potential boom in demand from the energy transition. COPX offers broad exposure to the copper mining industry but has plunged since May, when the price of copper hit an all-time high.
Neutral
Seeking Alpha
2 months ago
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.
Positive
Zacks Investment Research
2 months ago
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.
Positive
Zacks Investment Research
3 months ago
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.
Positive
Zacks Investment Research
3 months ago
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.
Positive
Seeking Alpha
3 months ago
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.
Negative
Seeking Alpha
4 months ago
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.
Negative
Seeking Alpha
5 months ago
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.
Positive
ETF Trends
5 months ago
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.
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