Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Update

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 73,196 shares, an increase of 390.7% from the December 15th total of 14,917 shares. Approximately 2.4% of the shares of the stock are sold short. Based on an average daily volume of 150,023 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 150,023 shares, the days-to-cover ratio is presently 0.5 days. Approximately 2.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in COPP. AdvisorNet Financial Inc bought a new stake in Sprott Copper Miners ETF during the 3rd quarter worth approximately $49,000. Bank of Montreal Can bought a new position in shares of Sprott Copper Miners ETF during the second quarter valued at $62,000. Hollencrest Capital Management acquired a new position in shares of Sprott Copper Miners ETF during the third quarter worth $94,000. Smith Moore & CO. bought a new stake in shares of Sprott Copper Miners ETF in the third quarter worth $204,000. Finally, Sprott Inc. acquired a new stake in Sprott Copper Miners ETF in the third quarter valued at $211,000.

Sprott Copper Miners ETF Price Performance

Shares of Sprott Copper Miners ETF stock opened at $39.10 on Wednesday. Sprott Copper Miners ETF has a fifty-two week low of $15.38 and a fifty-two week high of $39.24. The firm has a market capitalization of $118.47 million, a P/E ratio of 30.50 and a beta of 0.67. The company’s 50 day moving average price is $32.50 and its two-hundred day moving average price is $27.98.

Sprott Copper Miners ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, December 22nd. Stockholders of record on Thursday, December 18th were paid a dividend of $0.8237 per share. This represents a dividend yield of 251.0%. The ex-dividend date of this dividend was Thursday, December 18th.

About Sprott Copper Miners ETF

The Sprott Copper Miners ETF (COPP) is an exchange-traded fund that is based on the Nasdaq Sprott Copper Miners index. The fund is passively managed, tracking a modified market-cap weighted index comprised of companies in the mining, exploration, development, and production of copper. The fund invests in securities of issuers from all around the world. COPP was launched on Mar 5, 2024 and is issued by Sprott.