Sprott Copper Miners ETF (NASDAQ:COPP) Trading Up 0.4% – Time to Buy?

Sprott Copper Miners ETF (NASDAQ:COPP)’s share price shot up 0.4% during trading on Monday . The company traded as high as $46.20 and last traded at $45.85. 206,512 shares changed hands during trading, a decline of 10% from the average session volume of 230,563 shares. The stock had previously closed at $45.66.

Sprott Copper Miners ETF Price Performance

The business has a 50-day moving average of $39.71 and a 200-day moving average of $39.52. The firm has a market cap of $313.16 million, a price-to-earnings ratio of 30.50 and a beta of 0.92.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COPP. Caitlin John LLC bought a new stake in shares of Sprott Copper Miners ETF during the 4th quarter worth approximately $25,000. First United Bank & Trust acquired a new position in Sprott Copper Miners ETF during the first quarter worth $36,000. Main Street Group LTD acquired a new position in Sprott Copper Miners ETF during the first quarter worth $41,000. AdvisorNet Financial Inc raised its position in 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 acquiring an additional 575 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new stake in Sprott Copper Miners ETF during the first quarter worth $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.