Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Grows By 117.0%

Sprott Copper Miners ETF (NASDAQ:COPP) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 11,500 shares, a growth of 117.0% from the January 31st total of 5,300 shares. Based on an average daily volume of 15,700 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Corrado Advisors LLC lifted its stake in shares of Sprott Copper Miners ETF by 4.0% during the third quarter. Corrado Advisors LLC now owns 30,128 shares of the company’s stock worth $783,000 after purchasing an additional 1,158 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new position in shares of Sprott Copper Miners ETF during the third quarter worth about $201,000. Jane Street Group LLC lifted its stake in shares of Sprott Copper Miners ETF by 130.2% during the fourth quarter. Jane Street Group LLC now owns 41,000 shares of the company’s stock worth $841,000 after purchasing an additional 23,192 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Sprott Copper Miners ETF during the third quarter worth about $3,641,000.

Sprott Copper Miners ETF Price Performance

Shares of COPP opened at $19.65 on Friday. The stock’s 50-day moving average is $20.80 and its two-hundred day moving average is $22.77. The stock has a market cap of $22.60 million, a PE ratio of 28.95 and a beta of 0.77. Sprott Copper Miners ETF has a 12 month low of $19.24 and a 12 month high of $28.84.

Sprott Copper Miners ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th were paid a dividend of $0.5308 per share. The ex-dividend date of this dividend was Thursday, December 12th.

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.