Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Short Interest Up 276.9% in March

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 4,900 shares, a growth of 276.9% from the March 15th total of 1,300 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is currently 0.3 days.

Sprott Junior Copper Miners ETF Stock Performance

COPJ traded up $0.16 on Wednesday, hitting $19.32. 14,960 shares of the company were exchanged, compared to its average volume of 13,639. The company has a market cap of $11.21 million, a PE ratio of 9.70 and a beta of -1.84. Sprott Junior Copper Miners ETF has a 12 month low of $16.22 and a 12 month high of $26.43. The stock’s fifty day moving average is $19.46 and its 200-day moving average is $20.29.

Hedge Funds Weigh In On Sprott Junior Copper Miners ETF

A number of institutional investors have recently bought and sold shares of COPJ. Raffles Associates LP acquired a new position in shares of Sprott Junior Copper Miners ETF during the 4th quarter worth approximately $215,000. HighTower Advisors LLC increased its holdings in shares of Sprott Junior Copper Miners ETF by 23.8% in the third quarter. HighTower Advisors LLC now owns 36,298 shares of the company’s stock valued at $856,000 after purchasing an additional 6,968 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Sprott Junior Copper Miners ETF by 377.7% in the fourth quarter. Jane Street Group LLC now owns 72,588 shares of the company’s stock valued at $1,339,000 after purchasing an additional 57,394 shares during the period.

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.