Short Interest in Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Expands By 170.9%

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 119,970 shares, an increase of 170.9% from the December 15th total of 44,283 shares. Approximately 6.5% of the company’s shares are sold short. Based on an average daily trading volume, of 118,980 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 118,980 shares, the short-interest ratio is presently 1.0 days. Approximately 6.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of COPJ. Susquehanna International Group LLP bought a new position in Sprott Junior Copper Miners ETF in the 3rd quarter worth approximately $204,000. PNC Financial Services Group Inc. acquired a new stake in Sprott Junior Copper Miners ETF in the third quarter worth about $783,000. Envestnet Asset Management Inc. bought a new stake in shares of Sprott Junior Copper Miners ETF during the 3rd quarter worth about $390,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Sprott Junior Copper Miners ETF during the 3rd quarter worth about $376,000.

Sprott Junior Copper Miners ETF Trading Up 1.1%

Shares of Sprott Junior Copper Miners ETF stock opened at $44.42 on Wednesday. The company has a fifty day moving average price of $38.31 and a 200 day moving average price of $32.38. Sprott Junior Copper Miners ETF has a twelve month low of $16.22 and a twelve month high of $44.67. The stock has a market cap of $88.40 million, a price-to-earnings ratio of 11.67 and a beta of 0.83.

Sprott Junior Copper Miners ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were issued a dividend of $4.5473 per share. This represents a yield of 1,272.0%. The ex-dividend date of this dividend was Thursday, December 18th.

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.