COPX is trading 3.4% down at approximately $77.04 as the underlying copper commodity price declines for a fourth consecutive session.
- Copper futures fell to $5.89/lb on April 28, a drop of 2.21%, pressured by concerns over the U.S.-Iran conflict's impact on the outlook for global manufacturing.
- The ETF's decline also follows a reported 5.7% drop during after-hours trading on April 27.