The Global X Copper Miners ETF (COPX) experienced a significant outflow of approximately $101.3 million, representing a 5.2% decrease in shares outstanding week-over-week, dropping from 45,079,374 to 42,719,374. This change was reported today.
Amidst the outflow, key underlying components saw positive movements: Hudbay Minerals Inc (HBM) rose about 1.6%, Southern Copper Corp (SCCO) increased by approximately 3.4%, and Teck Resources Ltd (TECK) gained around 1.3%. Currently, COPX’s share price is at $42.87, compared to its 52-week low of $30.77 and a high of $48.96.
