COPA Themes Copper Miners ETF
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Themes Copper Miners ETF (COPA) ETF
No description available.
- Exchange
- BATS
- Inception
- 2024-09-23
- Has Options
- No
- Expense ratio
- 0.35% prospectus, filed Jan 27, 2026
- Assets
- $13M shares × price, Oct 9, 2026
- Trailing yield
- 3.48% paid annual
- Average daily volume
- $115K 30 sessions
- Holdings
- 50 top 10 are 41.9%
- Listed
- Sep 23, 2024 Cboe BZX
Moves with. Gold (28% of its variance, beta 0.63); US large-cap stocks (21% of its variance, beta 1.16); Emerging markets over US (12% of its variance, beta 0.50); Value over growth (3% of its variance, beta -0.19). These factors explain 72% of its daily moves over the last year.
Stated objective. The Themes Copper Miners ETF (the Fund) is an exchange traded fund (ETF) that seeks to track the performance, before fees and expenses, of an index composed of companies that derive significant revenues from the mining, exploration, and refining of copper. (from the fund's prospectus)
All 50 holdingsFlow historySimilar fundsOverlap toolAll Metals & Mining ETFs
- Jun 2026
- +$41K latest reported month
- Latest 3 months
- +$41K +0.3% of assets
- Latest 12 months
- +$11M +84.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$41K |
| May 2026 | $0 |
| Apr 2026 | $0 |
| Mar 2026 | +$32K |
| Feb 2026 | +$1.5M |
| Jan 2026 | +$6.9M |
| Dec 2025 | +$1.6M |
| Nov 2025 | $0 |
| Oct 2025 | +$1.1M |
| Sep 2025 | $0 |
| Aug 2025 | −$295K |
| Jul 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 22 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| ICOPiShares Copper and Metals Mining ETF | 47% | 0.47% | $479M | +39.7% | compare |
| EMETVanEck Copper and Electrification Metals ETF | 40% | 0.62% | $35M | — | compare |
| FMTLFirst Trust Indxx Critical Metals ETF | 31% | 0.65% | $26M | — | compare |
| BATTAmplify Lithium & Battery Technology ETF | 26% | 0.59% | $112M | +9.4% | compare |
| SETMSprott Funds Trust Sprott Critical Materials ETF | 25% | 0.65% | $512M | +5.1% | compare |
Ranked by how much of the two portfolios is the same securities.
- Insider buying
- 0% of weight had net insider buying, 90 days; 12% net selling
- Reporting earnings
- 0.0% of weight in 7 days; 0.0% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | Anglo American PLC | — | 3.49% | — |
| Exit | ASCUFArizona Sonoran Copper Co Inc | 2.81% | — | — |
| New position | TREKOR METALS LTD | — | 2.73% | — |
| Exit | TGBTaseko Mines Ltd | 2.59% | — | — |
| Increase | HBMHudbay Minerals Inc | 2.00% | 4.33% | +111.1% |
| Exit | FMCXFForan Mining Corp | 0.78% | — | — |
| Increase | ATALAYA MINING COPPER SA | 2.35% | 2.90% | +17.9% |
| Increase | NGEx Minerals Ltd | 1.44% | 1.95% | +51.7% |
| Decrease | FQVLFFirst Quantum Minerals Ltd | 3.96% | 3.50% | −14.7% |
| Increase | Glencore PLC | 4.06% | 4.45% | +32.2% |
3 new, 3 exited, 21 increased and 9 decreased between the fund's two latest holdings reports; turnover 12.7%. Full holdings and history
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-18 | 2025-12-19 | $1.8397 | CD |
| 2024-12-24 | 2024-12-26 | $0.2983 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| FCX | Freeport-McMoRan Inc | 8.62% | Equity (common) | US |
| FQVLF | First Quantum Minerals Ltd | 4.35% | Equity (common) | CA |
| LUNMF | Lundin Mining Corp | 3.89% | Equity (common) | CA |
| — | Antofagasta PLC | 3.65% | Equity (common) | CL |
| IVPAF | Ivanhoe Mines Ltd | 3.57% | Equity (common) | CA |
| TECK | Teck Resources Ltd | 3.52% | Equity (common) | CA |
| — | Glencore PLC | 3.45% | Equity (common) | CH |
| — | BHP Group Ltd | 3.27% | Equity (common) | AU |
| SCCO | Southern Copper Corp | 3.22% | Equity (common) | US |
| MINE | Capstone Copper Corp | 3.14% | Equity (common) | CA |
| — | ATALAYA MINING COPPER SA | 3.01% | Equity (common) | ES |
| — | Jiangxi Copper Co Ltd | 2.86% | Equity (common) | CN |
| — | Jiujiang Defu Technology Co Lt | 2.80% | Equity (common) | CN |
| TGB | Taseko Mines Ltd | 2.65% | Equity (common) | CA |
| — | Sandfire Resources Ltd | 2.45% | Equity (common) | AU |
| — | China Nonferrous Mining Corp L | 2.24% | Equity (common) | CN |
| ERO | ERO Copper Corp | 2.24% | Equity (common) | CA |
| — | MMG Ltd | 2.21% | Equity (common) | AU |
| — | Aurubis AG | 2.17% | Equity (common) | DE |
| HBM | Hudbay Minerals Inc | 2.08% | Equity (common) | CA |
| — | Aeris Resources Ltd | 2.00% | Equity (common) | AU |
| — | Boliden AB | 1.94% | Equity (common) | SE |
| — | Guangdong Feinan Resources Rec | 1.93% | Equity (common) | CN |
| — | NGEx Minerals Ltd | 1.88% | Equity (common) | CA |
| SLSR | Solaris Resources Inc | 1.80% | Equity (common) | CA |
| — | Nittetsu Mining Co Ltd | 1.68% | Equity (common) | JP |
| — | Central Asia Metals PLC | 1.53% | Equity (common) | GB |
| — | Ganzhou Teng Yuan Cobalt New M | 1.49% | Equity (common) | CN |
| — | 29Metals Ltd | 1.49% | Equity (common) | AU |
| IE | Ivanhoe Electric Inc / US | 1.42% | Equity (common) | US |
| BVN | Cia de Minas Buenaventura SAA | 1.17% | Equity (common) | PE |
| — | SolGold PLC | 1.15% | Equity (common) | EC |
| — | WA1 Resources Ltd | 1.14% | Equity (common) | AU |
| ASM | Avino Silver & Gold Mines Ltd | 1.10% | Equity (common) | CA |
| — | Mitsubishi Materials Corp | 1.10% | Equity (common) | JP |
| CNL | Collective Mining Ltd | 1.09% | Equity (common) | CA |
| ASCUF | Arizona Sonoran Copper Co Inc | 1.09% | Equity (common) | US |
| — | Chalice Mining Ltd | 1.07% | Equity (common) | AU |
| FMCXF | Foran Mining Corp | 0.93% | Equity (common) | CA |
| — | Talon Metals Corp | 0.89% | Equity (common) | CA |
| USGO | US Goldmining Inc | 0.88% | Equity (common) | CA |
| — | NONFEMET | 0.87% | Equity (common) | CN |
| GLDG | GoldMining Inc | 0.82% | Equity (common) | CA |
| IPMLF | Imperial Metals Corp | 0.82% | Equity (common) | CA |
| — | Altius Minerals Corp | 0.81% | Equity (common) | CA |
| — | CHINAGOLDINTL | 0.69% | Equity (common) | CA |
| — | Power Metallic Mines Inc | 0.52% | Equity (common) | CA |
| — | Amarc Resources Ltd | 0.52% | Equity (common) | CA |
| — | Hot Chili Ltd | 0.32% | Equity (common) | AU |
| — | First American Treasury Obliga | 0.28% | Short-term investment | US |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | -1.61% | 14.35% | 6.37% |
| Feb | -- | 0.97% | 10.18% | 5.58% |
| Mar | -- | 4.46% | -20.01% | -7.78% |
| Apr | -- | -4.19% | 5.45% | 0.63% |
| May | -- | 8.68% | 12.69% | 10.68% |
| Jun | -- | 9.60% | -10.54% | -0.47% |
| Jul | -- | -1.50% | 0.41% | -0.55% |
| Aug | -- | 15.32% | 18.75% | 17.04% |
| Sep | 4.46% | 17.89% | -5.01% | 5.78% |
| Oct | -7.53% | 0.65% | 2.19%* | -1.56% |
| Nov | -4.18% | 7.65% | -- | 1.74% |
| Dec | -10.17% | 9.00% | -- | -0.58% |
| Total | -16.86% | 87.30% | 24.00% | 31.48% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: COPA
Executive Summary
Overall Assessment: NEUTRAL (confidence level 6/10)
Key Drivers:
- Bullish momentum signals from MACD
- Range-bound price action with resistance at $56.38 and support at $45.21
- High volatility, indicating increased market uncertainty
Primary Risks:
- Downside risk if price breaks below lower Bollinger Band ($45.21)
- Upside risk if price breaks above upper Bollinger Band ($56.38)
Investment Thesis: COPA's recent price action has been characterized by a range-bound trend, with momentum signals indicating a potential uptrend. However, the stock's high volatility and lack of recent news catalysts suggest that investors should exercise caution and consider risk management strategies.
Recent News Sentiment Impact: No recent news available
Technical Analysis
Trend Direction: Short-term (1-4 weeks): NEUTRAL Medium-term (1-3 months): NEUTRAL Long-term (3-12 months): BEARISH
Support/Resistance Levels:
- Support: $45.21 (lower Bollinger Band)
- Resistance: $56.38 (upper Bollinger Band)
Momentum Signals:
- RSI interpretation: Neutral (55.87), indicating no clear buying or selling pressure
- MACD signal: Bullish, indicating potential uptrend
- Bollinger Bands position: Neutral, with price action trading within the bands
Volume Analysis: Volume SMA 20 is declining (-43.39%), suggesting decreased institutional interest in recent weeks.
News & Sentiment Analysis
Recent Headlines Summary: No recent news available
Sentiment Assessment: N/A (no news data available)
Catalyst Identification: None
Market Narrative: The absence of recent news headlines and the stock's range-bound price action suggest that investors should focus on technical signals and risk management strategies.
Risk & Volatility Assessment
Beta Interpretation: High risk, indicating increased market uncertainty (beta = 2.14 vs SPY)
Volatility Regime: Current volatility is higher than historical averages (HV20: 37.0%, HV30: 44.0%, HV60: 49.4%)
Options Market Signals: No options data available
Downside Protection: Support at $45.21 and risk management strategies recommended.
Market Context & Positioning
Sector Performance: COPA's performance is neutral relative to the sector (R-squared = 0.63)
Institutional Activity: Decreased institutional interest in recent weeks, as evidenced by declining volume SMA 20 (-43.39%)
Correlation Analysis: High correlation with the market (R-squared = 0.63), suggesting that COPA's price action is influenced by broader market trends.
Relative Valuation: COPA's valuation is neutral relative to its trading range.
Key Levels & Action Items
Critical Price Levels: Support at $45.21 and resistance at $56.38
Breakout/Breakdown Levels: None identified, as the stock's price action has been range-bound
Time-Sensitive Catalysts: None
Risk Management: Exercise caution and consider risk management strategies to protect capital in a high-volatility market.
This report provides a comprehensive analysis of COPA's technical, news, and volatility indicators. The stock's recent price action has been characterized by a range-bound trend with bullish momentum signals from MACD. However, the absence of recent news headlines and high volatility suggest that investors should exercise caution and consider risk management strategies to protect their capital.
COPA Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
High volatility - stock moves more than market
COPA Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| FCX | Freeport-McMoRan Inc | 8.62% | $73.69 | +3.58% | +2.29% | +3.69% |
| TECK | Teck Resources Ltd | 3.52% | $68.05 | +4.98% | -0.74% | +2.42% |
| SCCO | Southern Copper Corp | 3.22% | $209.21 | +5.31% | +1.79% | +8.12% |
| MINE | Capstone Copper Corp | 3.14% | $2.58 | +1.98% | -2.64% | -15.41% |
| TGB | Taseko Mines Ltd | 2.65% | $8.85 | +6.50% | -1.12% | +8.72% |
| ERO | ERO Copper Corp | 2.24% | $37.61 | +4.53% | -0.79% | +6.03% |
| HBM | Hudbay Minerals Inc | 2.08% | $26.12 | +2.88% | -3.97% | -1.51% |
| SLSR | Solaris Resources Inc | 1.80% | $6.83 | +1.49% | -3.67% | -13.65% |
| IE | Ivanhoe Electric Inc / US | 1.42% | $10.19 | +5.49% | -2.39% | -2.02% |
| BVN | Cia de Minas Buenaventura SAA | 1.17% | $32.46 | +3.28% | +3.41% | -4.64% |
| ASM | Avino Silver & Gold Mines Ltd | 1.10% | $5.55 | +1.65% | +0.00% | -14.48% |
| CNL | Collective Mining Ltd | 1.09% | $12.06 | +3.70% | -0.58% | -14.32% |
| USGO | US Goldmining Inc | 0.88% | $6.23 | +3.32% | -4.45% | -23.65% |
| GLDG | GoldMining Inc | 0.82% | $0.89 | -0.18% | -4.85% | -14.00% |