Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Declines By 45.9%

Sprott Copper Miners ETF (NASDAQ:COPPGet Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 49,426 shares, a drop of 45.9% from the June 15th total of 91,360 shares. Based on an average daily volume of 139,612 shares, the short-interest ratio is presently 0.4 days. Currently, 0.7% of the company’s shares are short sold.

Institutional Trading of Sprott Copper Miners ETF

Several institutional investors have recently made changes to their positions in COPP. Caitlin John LLC purchased a new position in Sprott Copper Miners ETF in the fourth quarter worth approximately $25,000. First United Bank & Trust acquired a new position in shares of Sprott Copper Miners ETF in the 1st quarter valued at $36,000. Blue Trust Inc. acquired a new position in shares of Sprott Copper Miners ETF in the 4th quarter valued at $37,000. Main Street Group LTD acquired a new stake in shares of Sprott Copper Miners ETF during the 1st quarter worth about $41,000. Finally, AdvisorNet Financial Inc increased its position in shares of Sprott Copper Miners ETF by 33.4% during the 1st quarter. AdvisorNet Financial Inc now owns 2,295 shares of the company’s stock worth $82,000 after purchasing an additional 575 shares during the last quarter.

Sprott Copper Miners ETF Trading Down 3.9%

COPP stock traded down $1.47 during trading on Thursday, reaching $36.29. 21,343 shares of the stock were exchanged, compared to its average volume of 257,594. The firm has a market capitalization of $255.12 million, a price-to-earnings ratio of 30.50 and a beta of 0.92. The business has a 50 day moving average price of $40.06 and a 200-day moving average price of $39.17. Sprott Copper Miners ETF has a 1 year low of $20.81 and a 1 year high of $47.46.

Sprott Copper Miners ETF Company Profile

(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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