USCF Daily Target 2X Copper Index ETF (CPXR)

USCF Daily Target 2X Copper Index ETF is a leveraged commodity exchange-traded fund from USCF Investments, a sponsor known for commodity funds such as the United States Oil Fund. It seeks daily investment results, before fees and expenses, equal to two times, or 200%, of the daily performance of a copper futures index.

The fund gains its exposure through copper futures contracts and related derivatives rather than holding physical metal, and it resets its leverage each trading day. Because the 2x target applies to one-day returns only, performance over longer periods can differ significantly from twice the index's return over the same span.

Its results are driven by copper futures prices, which reflect industrial demand, supply from mines and the costs of rolling futures contracts.