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

Sprott Copper Miners ETF (NASDAQ:COPP) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 39,700 shares, a growth of 61.4% from the September 15th total of 24,600 shares. Based on an average trading volume of 36,900 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 36,900 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Sprott Copper Miners ETF

Hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc purchased a new stake in shares of Sprott Copper Miners ETF in the third quarter valued at approximately $49,000. Bank of Montreal Can purchased a new stake in shares of Sprott Copper Miners ETF during the 2nd quarter worth $62,000. Jane Street Group LLC purchased a new stake in shares of Sprott Copper Miners ETF during the 2nd quarter worth $427,000. Finally, Corrado Advisors LLC boosted its position in shares of Sprott Copper Miners ETF by 10.0% during the 1st quarter. Corrado Advisors LLC now owns 37,736 shares of the company’s stock worth $743,000 after purchasing an additional 3,431 shares in the last quarter.

Sprott Copper Miners ETF Stock Up 1.5%

Shares of COPP stock opened at $28.69 on Friday. The stock has a market capitalization of $56.23 million, a PE ratio of 30.50 and a beta of 0.77. Sprott Copper Miners ETF has a 52-week low of $15.38 and a 52-week high of $31.56. The stock’s 50-day moving average price is $26.65 and its 200 day moving average price is $23.16.

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.