Sprott Copper Miners ETF (NASDAQ:COPP) Sees Significant Drop in Short Interest

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

Institutional Investors Weigh In On Sprott Copper Miners ETF

A number of institutional investors have recently modified their holdings of COPP. Regency Capital Management Inc. DE purchased a new stake in shares of Sprott Copper Miners ETF in the first quarter valued at approximately $2,343,000. Corrado Advisors LLC raised its position in Sprott Copper Miners ETF by 2.7% during the fourth quarter. Corrado Advisors LLC now owns 44,751 shares of the company’s stock worth $1,558,000 after acquiring an additional 1,156 shares during the period. Pine Valley Investments Ltd Liability Co raised its position in Sprott Copper Miners ETF by 30.0% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 42,367 shares of the company’s stock worth $1,513,000 after acquiring an additional 9,785 shares during the period. Carnegie Investment Counsel purchased a new position in Sprott Copper Miners ETF during the first quarter valued at $1,489,000. Finally, Kestra Advisory Services LLC purchased a new position in Sprott Copper Miners ETF during the first quarter valued at $1,192,000.

Sprott Copper Miners ETF Stock Performance

Shares of NASDAQ COPP opened at $38.45 on Wednesday. The company has a market capitalization of $270.30 million, a PE ratio of 30.50 and a beta of 0.92. The company’s fifty day moving average price is $40.08 and its 200 day moving average price is $39.14. Sprott Copper Miners ETF has a 1 year low of $20.81 and a 1 year high of $47.46.

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.