Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Sees Large Decrease in Short Interest

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 7,221 shares, a decrease of 72.7% from the April 15th total of 26,447 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 97,605 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

A number of hedge funds have recently made changes to their positions in COPJ. Envestnet Asset Management Inc. purchased a new stake in shares of Sprott Junior Copper Miners ETF during the 3rd quarter worth $390,000. PNC Financial Services Group Inc. acquired a new position in Sprott Junior Copper Miners ETF during the 3rd quarter valued at about $783,000. Susquehanna International Group LLP acquired a new position in Sprott Junior Copper Miners ETF during the 3rd quarter valued at about $204,000. Client First Investment Management LLC acquired a new position in Sprott Junior Copper Miners ETF during the 4th quarter valued at about $1,083,000. Finally, Simplex Trading LLC acquired a new position in Sprott Junior Copper Miners ETF during the 4th quarter valued at about $121,000.

Sprott Junior Copper Miners ETF Stock Up 0.6%

Shares of NASDAQ COPJ traded up $0.26 during mid-day trading on Wednesday, reaching $46.87. 179,344 shares of the company were exchanged, compared to its average volume of 211,920. The stock has a market cap of $190.76 million, a price-to-earnings ratio of 11.67 and a beta of 0.95. Sprott Junior Copper Miners ETF has a 1 year low of $19.70 and a 1 year high of $53.94. The firm has a 50-day moving average of $41.34 and a 200 day moving average of $41.07.

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.