Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Trading Up 0.2% – Here’s What Happened

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) shares shot up 0.2% on Monday . The stock traded as high as $38.10 and last traded at $37.69. Approximately 36,404 shares traded hands during trading, a decline of 78% from the average daily volume of 168,306 shares. The stock had previously closed at $37.60.

Sprott Junior Copper Miners ETF Stock Performance

The firm has a market capitalization of $148.97 million, a P/E ratio of 11.67 and a beta of 1.03. The firm has a 50-day moving average of $41.35 and a 200-day moving average of $42.58.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of COPJ. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Sprott Junior Copper Miners ETF by 42.9% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 27,568 shares of the company’s stock valued at $1,074,000 after purchasing an additional 8,270 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Sprott Junior Copper Miners ETF in the 1st quarter worth about $28,000. Royal Bank of Canada increased its holdings in Sprott Junior Copper Miners ETF by 145.1% in the 1st quarter. Royal Bank of Canada now owns 9,717 shares of the company’s stock worth $379,000 after buying an additional 5,752 shares in the last quarter. Group One Trading LLC raised its position in 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. Finally, Cetera Investment Advisers bought a new position in Sprott Junior Copper Miners ETF during the 1st quarter valued at about $534,000.

Sprott Junior Copper Miners ETF Company Profile

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.