Short Interest in Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Grows By 623.4%

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 52,238 shares, a growth of 623.4% from the April 30th total of 7,221 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average trading volume of 120,195 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Client First Investment Management LLC purchased a new position in shares of Sprott Junior Copper Miners ETF during the fourth quarter worth $1,083,000. PNC Financial Services Group Inc. boosted its position in shares of Sprott Junior Copper Miners ETF by 9.5% during the first quarter. PNC Financial Services Group Inc. now owns 26,938 shares of the company’s stock worth $1,050,000 after buying an additional 2,336 shares during the period. Cetera Investment Advisers purchased a new position in shares of Sprott Junior Copper Miners ETF during the first quarter worth $534,000. Envestnet Asset Management Inc. purchased a new position in shares of Sprott Junior Copper Miners ETF during the third quarter worth $390,000. Finally, Richards Merrill & Peterson Inc. purchased a new position in shares of Sprott Junior Copper Miners ETF during the first quarter worth $379,000.

Sprott Junior Copper Miners ETF Stock Performance

Shares of Sprott Junior Copper Miners ETF stock opened at $44.58 on Friday. The firm has a market capitalization of $181.44 million, a price-to-earnings ratio of 11.67 and a beta of 0.95. Sprott Junior Copper Miners ETF has a fifty-two week low of $21.80 and a fifty-two week high of $53.94. The stock has a 50 day moving average of $41.43 and a 200 day moving average of $41.79.

About Sprott Junior Copper Miners ETF

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.