Previous Close | 61.74 |
Open | 61.02 |
Bid | 57.50 x 1200 |
Ask | 63.50 x 1000 |
Day's Range | 61.00 - 61.48 |
52 Week Range | 34.26 - 65.82 |
Volume | 4,558 |
Avg. Volume | 20,990 |
Net Assets | 61.02M |
NAV | 61.77 |
PE Ratio (TTM) | N/A |
Yield | 0.00% |
YTD Daily Total Return | 16.20% |
Beta (5Y Monthly) | 0.80 |
Expense Ratio (net) | 0.45% |
Inception Date | 2018-01-17 |
Many investors are hesitant to buy individual commodities, but exchange-traded funds (ETFs) make this area accessible to a broader range of investors. Commodities can be a useful hedge against inflation, and they help diversify investment portfolios beyond more traditional stocks and bonds.
Copper exchange-traded funds (ETFs) are designed to track the price of copper, an industrial metal used in a wide variety of applications in manufacturing, electronics, and construction. Copper is considered a cyclical commodity whose price fluctuates in tandem with economic cycles, rising when the economy grows and falling when the economy slows.