Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Sees Large Drop in Short Interest

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 56,996 shares, a decrease of 47.7% from the February 12th total of 108,963 shares. Based on an average trading volume of 151,171 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.5% of the company’s stock are sold short. Approximately 1.5% of the company’s stock are sold short. Based on an average trading volume of 151,171 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of COPJ. Simplex Trading LLC purchased a new position in Sprott Junior Copper Miners ETF in the fourth quarter worth $121,000. Osaic Holdings Inc. boosted its position 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 purchasing an additional 825 shares in the last quarter. Susquehanna International Group LLP purchased a new position in Sprott Junior Copper Miners ETF during the 3rd quarter worth $204,000. Synergy Asset Management LLC acquired a new position in Sprott Junior Copper Miners ETF during the 3rd quarter valued at about $376,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Sprott Junior Copper Miners ETF in the third quarter valued at about $390,000.

Sprott Junior Copper Miners ETF Stock Down 3.6%

COPJ stock traded down $1.55 during trading on Thursday, hitting $42.03. 173,570 shares of the company’s stock traded hands, compared to its average volume of 281,519. The firm has a market capitalization of $160.97 million, a P/E ratio of 11.67 and a beta of 0.83. The business has a fifty day simple moving average of $45.40 and a two-hundred day simple moving average of $38.16. Sprott Junior Copper Miners ETF has a 1 year low of $16.22 and a 1 year high of $53.94.

Sprott Junior Copper Miners ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were paid a dividend of $4.5473 per share. This represents a dividend yield of 1,272.0%. The ex-dividend date was Thursday, December 18th.

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.