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

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 49,426 shares, a decrease of 45.9% from the June 15th total of 91,360 shares. Based on an average daily trading volume, of 139,612 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.7% of the shares of the stock are short sold.

Sprott Copper Miners ETF Price Performance

COPP traded down $0.64 on Friday, reaching $35.84. 56,767 shares of the company’s stock were exchanged, compared to its average volume of 256,373. Sprott Copper Miners ETF has a twelve month low of $20.81 and a twelve month high of $47.46. The stock has a market cap of $251.96 million, a PE ratio of 30.50 and a beta of 0.92. The stock’s fifty day moving average price is $40.01 and its 200-day moving average price is $39.17.

Institutional Investors Weigh In On Sprott Copper Miners ETF

Large investors have recently made changes to their positions in the stock. J.W. Cole Advisors Inc. purchased a new position in Sprott Copper Miners ETF during the fourth quarter worth approximately $860,000. Carnegie Investment Counsel acquired a new stake in shares of Sprott Copper Miners ETF in the 1st quarter worth $1,489,000. Columbia Advisory Partners LLC acquired a new stake in shares of Sprott Copper Miners ETF in the 1st quarter worth $1,056,000. Regency Capital Management Inc. DE purchased a new position in shares of Sprott Copper Miners ETF during the 1st quarter worth $2,343,000. Finally, Sovran Advisors LLC purchased a new position in shares of Sprott Copper Miners ETF during the 1st quarter worth $560,000.

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.