Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Short Interest Down 42.8% in May

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 29,869 shares, a decline of 42.8% from the May 14th total of 52,238 shares. Based on an average daily volume of 78,208 shares, the short-interest ratio is currently 0.4 days. Currently, 0.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Sprott Junior Copper Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in shares of Sprott Junior Copper Miners ETF in the first quarter valued at $28,000. Trifecta Capital Advisors LLC acquired a new position in shares of Sprott Junior Copper Miners ETF in the first quarter valued at $39,000. Simplex Trading LLC acquired a new position in shares of Sprott Junior Copper Miners ETF in the fourth quarter valued at $121,000. Osaic Holdings Inc. boosted its position in shares of Sprott Junior Copper Miners ETF by 26.9% in the fourth quarter. Osaic Holdings Inc. now owns 3,895 shares of the company’s stock valued at $153,000 after acquiring an additional 825 shares during the period. Finally, Group One Trading LLC boosted its position in shares of Sprott Junior Copper Miners ETF by 1,189.6% in the first quarter. Group One Trading LLC now owns 4,978 shares of the company’s stock valued at $194,000 after acquiring an additional 4,592 shares during the period.

Sprott Junior Copper Miners ETF Price Performance

NASDAQ:COPJ opened at $42.53 on Friday. Sprott Junior Copper Miners ETF has a one year low of $23.02 and a one year high of $53.94. The company has a market cap of $173.10 million, a P/E ratio of 11.67 and a beta of 0.97. The firm’s fifty day moving average price is $42.56 and its two-hundred day moving average price is $42.31.

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.