Short Interest in Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Expands By 144.5%

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 73,025 shares, an increase of 144.5% from the May 31st total of 29,869 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 102,844 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Sprott Junior Copper Miners ETF

Several hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC purchased a new stake in Sprott Junior Copper Miners ETF during the first quarter valued at approximately $28,000. Osaic Holdings Inc. boosted its holdings in shares of Sprott Junior Copper Miners ETF by 26.9% in the 4th quarter. Osaic Holdings Inc. now owns 3,895 shares of the company’s stock worth $153,000 after purchasing an additional 825 shares during the period. Trifecta Capital Advisors LLC purchased a new position in shares of Sprott Junior Copper Miners ETF in the 1st quarter worth approximately $39,000. PNC Financial Services Group Inc. boosted its holdings in shares of Sprott Junior Copper Miners ETF by 9.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 26,938 shares of the company’s stock worth $1,050,000 after purchasing an additional 2,336 shares during the period. Finally, Simplex Trading LLC bought a new position in shares of Sprott Junior Copper Miners ETF during the 4th quarter valued at approximately $121,000.

Sprott Junior Copper Miners ETF Stock Down 0.3%

COPJ traded down $0.12 during midday trading on Monday, reaching $38.68. The company had a trading volume of 41,261 shares, compared to its average volume of 180,762. Sprott Junior Copper Miners ETF has a 1 year low of $24.16 and a 1 year high of $53.94. The company has a market cap of $157.43 million, a P/E ratio of 11.67 and a beta of 0.97. The business has a 50-day moving average of $42.60 and a two-hundred day moving average of $42.59.

Sprott Junior Copper Miners ETF Company Profile

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.