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

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 32,192 shares, a decrease of 60.1% from the May 14th total of 80,761 shares. Based on an average daily volume of 105,944 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the company’s shares are sold short.

Sprott Copper Miners ETF Stock Performance

Shares of NASDAQ COPP traded up $1.48 during midday trading on Friday, hitting $42.34. 126,978 shares of the company traded hands, compared to its average volume of 282,948. Sprott Copper Miners ETF has a 12-month low of $20.81 and a 12-month high of $47.46. The firm has a market cap of $306.12 million, a P/E ratio of 30.50 and a beta of 0.85. The stock has a 50-day moving average price of $40.00 and a 200 day moving average price of $38.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pine Valley Investments Ltd Liability Co raised its position in shares of Sprott Copper Miners ETF by 30.0% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 42,367 shares of the company’s stock worth $1,513,000 after acquiring an additional 9,785 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in Sprott Copper Miners ETF in the first quarter worth $707,000. Bradley Foster & Sargent Inc. CT purchased a new stake in Sprott Copper Miners ETF in the first quarter worth $836,000. Cetera Investment Advisers raised its holdings in Sprott Copper Miners ETF by 118.6% in the first quarter. Cetera Investment Advisers now owns 14,380 shares of the company’s stock worth $514,000 after purchasing an additional 7,803 shares in the last quarter. Finally, PNC Financial Services Group Inc. purchased a new position in Sprott Copper Miners ETF during the first quarter valued at $91,000.

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.