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

Sprott Copper Miners ETF (NASDAQ:COPP) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 155,479 shares, a decrease of 85.1% from the January 29th total of 1,043,200 shares. Based on an average daily volume of 367,728 shares, the short-interest ratio is presently 0.4 days. Currently, 2.5% of the company’s stock are short sold. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 367,728 shares, the short-interest ratio is presently 0.4 days.

Sprott Copper Miners ETF Stock Performance

Shares of NASDAQ:COPP traded down $0.19 on Friday, hitting $43.95. 238,358 shares of the company’s stock were exchanged, compared to its average volume of 464,186. The firm’s 50-day moving average is $39.18 and its 200 day moving average is $31.91. The company has a market capitalization of $276.89 million, a PE ratio of 30.50 and a beta of 0.67. Sprott Copper Miners ETF has a 1-year low of $15.38 and a 1-year high of $47.46.

Sprott Copper Miners ETF Announces Dividend

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

Institutional Trading of Sprott Copper Miners ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitlin John LLC acquired a new position in Sprott Copper Miners ETF in the 4th quarter valued at about $25,000. Blue Trust Inc. purchased a new stake in Sprott Copper Miners ETF during the fourth quarter worth about $37,000. AdvisorNet Financial Inc acquired a new position in Sprott Copper Miners ETF during the third quarter worth about $49,000. Bank of Montreal Can purchased a new position in Sprott Copper Miners ETF in the 2nd quarter valued at approximately $62,000. Finally, Federation des caisses Desjardins du Quebec purchased a new position in shares of Sprott Copper Miners ETF in the fourth quarter valued at $92,000.

Sprott Copper Miners ETF Company Profile

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.