Sprott Copper Miners ETF (NASDAQ:COPP) Sees Significant Increase in Short Interest

Sprott Copper Miners ETF (NASDAQ:COPP) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,043,200 shares, an increase of 1,816.7% from the January 15th total of 54,427 shares. Based on an average daily volume of 829,883 shares, the days-to-cover ratio is currently 1.3 days. Currently, 16.6% of the company’s shares are short sold. Currently, 16.6% of the company’s shares are short sold. Based on an average daily volume of 829,883 shares, the days-to-cover ratio is currently 1.3 days.

Sprott Copper Miners ETF Trading Down 1.4%

NASDAQ COPP traded down $0.57 during trading hours on Tuesday, hitting $41.32. 244,121 shares of the company’s stock were exchanged, compared to its average volume of 550,618. The firm has a market cap of $260.32 million, a price-to-earnings ratio of 30.50 and a beta of 0.67. The stock has a 50-day simple moving average of $36.82 and a 200 day simple moving average of $30.27. Sprott Copper Miners ETF has a 1-year low of $15.38 and a 1-year high of $47.46.

Sprott Copper Miners ETF Dividend Announcement

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

Institutional Investors Weigh In On Sprott Copper Miners ETF

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. bought a new stake in Sprott Copper Miners ETF in the fourth quarter valued at $37,000. AdvisorNet Financial Inc acquired a new stake in shares of Sprott Copper Miners ETF in the 3rd quarter valued at about $49,000. Bank of Montreal Can acquired a new position in Sprott Copper Miners ETF during the 2nd quarter worth approximately $62,000. Hollencrest Capital Management acquired a new position in Sprott Copper Miners ETF during the 3rd quarter worth approximately $94,000. Finally, Smith Moore & CO. bought a new position in Sprott Copper Miners ETF in the third quarter worth approximately $204,000.

About Sprott Copper Miners ETF

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.