Key stats
About Tidal Trust III USCF Daily Target 2X Copper Index ETF
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Inception date
Jan 21, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
CPXR, although actively managed, aims for 200% of the daily return of an index that reflects the daily price movements of copper through cash settled futures contracts and collateral. The index is designed to track the performance of copper futures rather than the metal’s spot price. It is comprised of one or three copper futures contracts trading on COMEX which are selected by price using quantitative formulas monthly. The fund does not invest directly in copper. Instead, it principally invests in cash settled copper futures contracts through a wholly-owned Cayman Islands subsidiary capped at 25%. It will also invest in high quality securities as collateral investments including US government securities, money market funds, and/or corporate debt securities. The fund aims to roll its futures contracts as it nears expiration and replace them with a later expiration date. It may also enter into reverse repurchase agreement transactions.
Classification
What's in the fund
Exposure type
Mutual fund
Cash
Bonds, Cash & Other100.00%
Mutual fund80.76%
Cash19.24%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CPXR trades at 21.95 USD today, its price has risen 0.81% in the past 24 hours. Track more dynamics on CPXR price chart.
CPXR net asset value is 21.79 today — it's risen 3.00% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CPXR assets under management is 544.42 K USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CPXR fund flows account for 470.99 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CPXR invests in funds. See more details in our Analysis section.
CPXR expense ratio is 1.20%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, CPXR is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, CPXR doesn't pay dividends to its holders.
CPXR trades at a premium (0.75%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CPXR shares are issued by Toroso Investments Topco LLC
CPXR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 21, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.