Short Interest in Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Drops By 47.7%

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 56,996 shares, a decrease of 47.7% from the February 12th total of 108,963 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 151,171 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 151,171 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.5% of the shares of the stock are sold short.

Sprott Junior Copper Miners ETF Stock Performance

Shares of NASDAQ:COPJ traded down $1.55 on Thursday, reaching $42.03. The company’s stock had a trading volume of 173,570 shares, compared to its average volume of 281,519. The company has a 50-day simple moving average of $45.40 and a 200 day simple moving average of $38.16. Sprott Junior Copper Miners ETF has a 52-week low of $16.22 and a 52-week high of $53.94. The company has a market cap of $160.97 million, a P/E ratio of 11.67 and a beta of 0.83.

Sprott Junior Copper Miners ETF Dividend Announcement

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

Hedge Funds Weigh In On Sprott Junior Copper Miners ETF

Hedge funds have recently bought and sold shares of the business. Synergy Asset Management LLC bought a new stake in shares of Sprott Junior Copper Miners ETF during the third quarter worth $376,000. Envestnet Asset Management Inc. bought a new stake in shares of Sprott Junior Copper Miners ETF during the third quarter valued at approximately $390,000. PNC Financial Services Group Inc. purchased a new stake in shares of Sprott Junior Copper Miners ETF in the third quarter valued at approximately $783,000. Susquehanna International Group LLP bought a new position in Sprott Junior Copper Miners ETF in the third quarter worth approximately $204,000. Finally, Client First Investment Management LLC purchased a new position in Sprott Junior Copper Miners ETF during the 4th quarter worth $1,083,000.

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.