|Bid||16.11 x 800|
|Ask||16.27 x 1400|
|Day's Range||16.15 - 16.41|
|52 Week Range||16.15 - 23.54|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.41|
|Expense Ratio (net)||0.65%|
When comes to the metals these days, those that fall into the “precious” camp are getting all the attention. Investors have flocked to gold, silver and even pallidum as volatility has taken hold of the market. And there’s nothing wrong with that. But what they may want to do is take a look at another red-hot metal. We’re talking about copper. After getting hit during last year’s market swoon, copper is setting itself up for a nice rebound. Several bullish tailwinds are set to propel prices for metal higher in the upcoming year or so. And yet, the metal seems like a bargain when compared to its precious sisters. For investors, taking copper ETFs for a spin makes a ton of sense.
As measured by the iPath B Bloomberg Copper Total Return ETN (NYSE: JJC), copper is doing pretty well this year. The Global X Copper Miners ETF (NYSE: COPX), which turns nine years old in a couple of weeks, is higher by nearly 17 percent year to date. COPX follows the Solactive Global Copper Miners Total Return Index.
The S&P 500 is lower by nearly 8 percent on a year-to-date basis, indicating it's going to take a lot of work in a short amount of time for the index to close 2018 on an upbeat note. There are over 2,200 ...
Increasing prices and decreased global supply have been factors helping to drive interest in copper investments, with the metal hitting a 4-1/2 year high in June. However, copper prices have slipped about 15% since hitting those multi-year highs, in response to concerns about the damage to global economic growth – amid the ongoing trade war between the United States and its partners.