Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Grows By 183.8%

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 91,360 shares, an increase of 183.8% from the May 31st total of 32,192 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 174,105 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Sprott Copper Miners ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Regency Capital Management Inc. DE acquired a new position in Sprott Copper Miners ETF during the 1st quarter valued at approximately $2,343,000. Corrado Advisors LLC grew its position in Sprott Copper Miners ETF by 2.7% in the 4th quarter. Corrado Advisors LLC now owns 44,751 shares of the company’s stock valued at $1,558,000 after buying an additional 1,156 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in Sprott Copper Miners ETF by 30.0% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 42,367 shares of the company’s stock valued at $1,513,000 after buying an additional 9,785 shares during the period. Carnegie Investment Counsel acquired a new position in Sprott Copper Miners ETF during the 1st quarter valued at about $1,489,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Sprott Copper Miners ETF during the 1st quarter worth about $1,192,000.

Sprott Copper Miners ETF Stock Performance

Shares of COPP stock traded up $0.02 during trading hours on Friday, hitting $37.74. 108,859 shares of the company were exchanged, compared to its average volume of 274,172. The business’s 50-day simple moving average is $40.45 and its two-hundred day simple moving average is $38.75. Sprott Copper Miners ETF has a one year low of $20.81 and a one year high of $47.46. The stock has a market capitalization of $272.86 million, a price-to-earnings ratio of 30.50 and a beta of 0.85.

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.