Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Update

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 80,761 shares, a growth of 87.4% from the April 30th total of 43,097 shares. Based on an average daily volume of 218,381 shares, the short-interest ratio is currently 0.4 days. Currently, 1.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Sprott Copper Miners ETF

Hedge funds have recently bought and sold shares of the stock. Caitlin John LLC bought a new position in shares of Sprott Copper Miners ETF during the fourth quarter worth approximately $25,000. First United Bank & Trust acquired a new position in shares of Sprott Copper Miners ETF during the first quarter worth $36,000. Blue Trust Inc. acquired a new position in shares of Sprott Copper Miners ETF during the fourth quarter worth $37,000. Main Street Group LTD acquired a new position in shares of Sprott Copper Miners ETF during the first quarter worth $41,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Sprott Copper Miners ETF by 33.4% during the first quarter. AdvisorNet Financial Inc now owns 2,295 shares of the company’s stock worth $82,000 after purchasing an additional 575 shares during the period.

Sprott Copper Miners ETF Stock Performance

Sprott Copper Miners ETF stock opened at $43.63 on Tuesday. Sprott Copper Miners ETF has a 52 week low of $20.81 and a 52 week high of $47.46. The stock has a market capitalization of $315.44 million, a P/E ratio of 30.50 and a beta of 0.76. The stock has a 50-day simple moving average of $38.68 and a 200 day simple moving average of $37.32.

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.