Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Short Interest Update

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 73,025 shares, a growth of 144.5% from the May 31st total of 29,869 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 102,844 shares, the days-to-cover ratio is currently 0.7 days.

Sprott Junior Copper Miners ETF Stock Down 0.6%

Shares of NASDAQ:COPJ traded down $0.25 during midday trading on Wednesday, reaching $39.35. The company’s stock had a trading volume of 33,825 shares, compared to its average volume of 178,537. The firm has a 50 day moving average of $42.40 and a 200-day moving average of $42.58. The firm has a market capitalization of $160.15 million, a P/E ratio of 11.67 and a beta of 0.97. Sprott Junior Copper Miners ETF has a 12-month low of $24.25 and a 12-month high of $53.94.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

Several hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC bought a new position in shares of Sprott Junior Copper Miners ETF during the first quarter valued at approximately $28,000. Trifecta Capital Advisors LLC purchased a new position in shares of Sprott Junior Copper Miners ETF during the first quarter valued at approximately $39,000. Simplex Trading LLC bought a new stake in shares of Sprott Junior Copper Miners ETF in the 4th quarter worth approximately $121,000. Osaic Holdings Inc. grew its stake in shares of Sprott Junior Copper Miners ETF by 26.9% in the 4th quarter. Osaic Holdings Inc. now owns 3,895 shares of the company’s stock worth $153,000 after buying an additional 825 shares during the last quarter. Finally, Group One Trading LLC grew its stake in shares of Sprott Junior Copper Miners ETF by 1,189.6% in the 1st quarter. Group One Trading LLC now owns 4,978 shares of the company’s stock worth $194,000 after buying an additional 4,592 shares during the last quarter.

About Sprott Junior Copper Miners ETF

The Sprott Junior Copper Miners ETF (COPJ) is an exchange-traded fund that is based on the Nasdaq Sprott Junior Copper Miners index. The fund seeks to track an index of small copper miners around the globe, primarily those with revenues tied to the mining, development and production of copper. Securities are selected using a fundamental, proprietary methodology and weighted by market cap. COPJ was launched on Feb 1, 2023 and is managed by Sprott.