Sprott Copper Miners ETF (NASDAQ:COPP) Trading Down 1.9% – Should You Sell?

Shares of Sprott Copper Miners ETF (NASDAQ:COPP) fell 1.9% during trading on Monday . The stock traded as low as $38.32 and last traded at $38.86. 135,659 shares were traded during trading, a decline of 56% from the average session volume of 310,246 shares. The stock had previously closed at $39.63.

Sprott Copper Miners ETF Stock Performance

The stock has a market cap of $284.21 million, a price-to-earnings ratio of 30.50 and a beta of 0.76. The company’s 50 day simple moving average is $37.87 and its two-hundred day simple moving average is $36.62.

Institutional Trading of Sprott Copper Miners ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Caitlin John LLC purchased a new position in Sprott Copper Miners ETF in the fourth quarter valued at about $25,000. First United Bank & Trust bought a new stake in shares of Sprott Copper Miners ETF in the 1st quarter valued at approximately $36,000. Blue Trust Inc. bought a new stake in shares of Sprott Copper Miners ETF in the 4th quarter valued at approximately $37,000. Main Street Group LTD acquired a new position in Sprott Copper Miners ETF in the first quarter worth approximately $41,000. Finally, AdvisorNet Financial Inc increased its holdings in Sprott Copper Miners ETF by 33.4% in the first quarter. AdvisorNet Financial Inc now owns 2,295 shares of the company’s stock worth $82,000 after buying an additional 575 shares during the last quarter.

About Sprott Copper Miners ETF

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.