Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Up 198.5% in April

Sprott Copper Miners ETF (NASDAQ:COPPGet Free Report) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 46,266 shares, a growth of 198.5% from the March 31st total of 15,501 shares. Based on an average daily trading volume, of 156,981 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of COPP. Columbia Advisory Partners LLC acquired a new position in Sprott Copper Miners ETF in the first quarter valued at about $1,056,000. J.W. Cole Advisors Inc. acquired a new position in Sprott Copper Miners ETF in the fourth quarter valued at about $860,000. Jane Street Group LLC acquired a new position in Sprott Copper Miners ETF in the second quarter valued at about $427,000. Sprott Inc. acquired a new position in Sprott Copper Miners ETF in the third quarter valued at about $211,000. Finally, Smith Moore & CO. acquired a new position in Sprott Copper Miners ETF in the third quarter valued at about $204,000.

Sprott Copper Miners ETF Stock Down 0.3%

Shares of COPP traded down $0.13 during midday trading on Friday, reaching $38.78. 81,814 shares of the stock were exchanged, compared to its average volume of 336,203. Sprott Copper Miners ETF has a twelve month low of $18.93 and a twelve month high of $47.46. The company has a market cap of $280.38 million, a P/E ratio of 30.50 and a beta of 0.95. The stock’s 50 day simple moving average is $38.47 and its 200 day simple moving average is $35.43.

About Sprott Copper Miners ETF

(Get Free Report)

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. COPP was launched on Mar 5, 2024 and is issued by Sprott.

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