Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Shares Down 1.1% – Time to Sell?

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) traded down 1.1% on Tuesday . The company traded as low as $44.76 and last traded at $44.94. Approximately 79,988 shares changed hands during trading, a decline of 50% from the average daily volume of 158,694 shares. The stock had previously closed at $45.46.

Sprott Junior Copper Miners ETF Stock Down 1.1%

The stock has a market cap of $165.83 million, a P/E ratio of 11.67 and a beta of 1.03. The firm has a 50 day simple moving average of $40.59 and a 200-day simple moving average of $42.34.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

A number of large investors have recently added to or reduced their stakes in the business. Client First Investment Management LLC bought a new position in Sprott Junior Copper Miners ETF during the fourth quarter worth $1,083,000. Envestnet Asset Management Inc. bought a new position in shares of Sprott Junior Copper Miners ETF in the third quarter valued at about $390,000. Susquehanna International Group LLP acquired a new stake in shares of Sprott Junior Copper Miners ETF during the 3rd quarter worth about $204,000. Osaic Holdings Inc. lifted its stake in shares of Sprott Junior Copper Miners ETF by 26.9% during the 4th quarter. Osaic Holdings Inc. now owns 3,895 shares of the company’s stock worth $153,000 after buying an additional 825 shares during the last quarter. Finally, Simplex Trading LLC acquired a new stake in shares of Sprott Junior Copper Miners ETF during the 4th quarter worth about $121,000.

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.