Sprott Copper Miners ETF (NASDAQ:COPP – Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 49,426 shares, a decrease of 45.9% from the June 15th total of 91,360 shares. Based on an average trading volume of 139,612 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.7% of the shares of the stock are sold short.
Institutional Trading of Sprott Copper Miners ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. J.W. Cole Advisors Inc. purchased a new position in Sprott Copper Miners ETF during the 4th quarter worth approximately $860,000. Columbia Advisory Partners LLC purchased a new stake in Sprott Copper Miners ETF in the first quarter valued at approximately $1,056,000. Carnegie Investment Counsel acquired a new stake in shares of Sprott Copper Miners ETF in the first quarter valued at approximately $1,489,000. Sovran Advisors LLC purchased a new position in shares of Sprott Copper Miners ETF during the first quarter worth approximately $560,000. Finally, Bradley Foster & Sargent Inc. CT purchased a new position in shares of Sprott Copper Miners ETF during the first quarter worth approximately $836,000.
Sprott Copper Miners ETF Price Performance
Shares of NASDAQ:COPP opened at $38.45 on Wednesday. The firm has a market capitalization of $270.30 million, a PE ratio of 30.50 and a beta of 0.92. Sprott Copper Miners ETF has a 1 year low of $20.81 and a 1 year high of $47.46. The business’s 50 day moving average price is $40.08 and its 200-day moving average price is $39.14.
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.
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