Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Trading Down 1.1% – Time to Sell?

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) traded down 1.1% during trading on Tuesday . The company traded as low as $44.76 and last traded at $44.94. 79,988 shares were traded during trading, a decline of 50% from the average daily volume of 158,694 shares. The stock had previously closed at $45.46.

Sprott Junior Copper Miners ETF Trading Down 2.3%

The firm has a market capitalization of $161.33 million, a P/E ratio of 11.67 and a beta of 1.03. The firm has a 50 day moving average price of $40.58 and a 200-day moving average price of $42.33.

Hedge Funds Weigh In On Sprott Junior Copper Miners ETF

Several hedge funds have recently bought and sold shares of COPJ. Pine Valley Investments Ltd Liability Co lifted its position in shares of Sprott Junior Copper Miners ETF by 42.9% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 27,568 shares of the company’s stock worth $1,074,000 after purchasing an additional 8,270 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Sprott Junior Copper Miners ETF in the 1st quarter worth about $28,000. Royal Bank of Canada increased its stake in Sprott Junior Copper Miners ETF by 145.1% in the 1st quarter. Royal Bank of Canada now owns 9,717 shares of the company’s stock worth $379,000 after buying an additional 5,752 shares during the period. Group One Trading LLC increased its stake in Sprott Junior Copper Miners ETF by 1,189.6% in the 1st quarter. Group One Trading LLC now owns 4,978 shares of the company’s stock worth $194,000 after buying an additional 4,592 shares during the period. Finally, Cetera Investment Advisers bought a new stake in Sprott Junior Copper Miners ETF during the 1st quarter valued at about $534,000.

About Sprott Junior Copper Miners ETF

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.