Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Update

Sprott Copper Miners ETF (NASDAQ:COPP) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 80,761 shares, a growth of 87.4% from the April 30th total of 43,097 shares. Based on an average daily trading volume, of 218,381 shares, the short-interest ratio is presently 0.4 days. Approximately 1.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Sprott Copper Miners ETF

Several large investors have recently modified their holdings of the stock. Regency Capital Management Inc. DE acquired a new position in shares of Sprott Copper Miners ETF in the 1st quarter worth approximately $2,343,000. Carnegie Investment Counsel bought a new position in Sprott Copper Miners ETF during the 1st quarter worth about $1,489,000. Kestra Advisory Services LLC bought a new position in Sprott Copper Miners ETF during the 1st quarter worth about $1,192,000. Columbia Advisory Partners LLC bought a new position in Sprott Copper Miners ETF during the 1st quarter worth about $1,056,000. Finally, J.W. Cole Advisors Inc. bought a new position in Sprott Copper Miners ETF during the 4th quarter worth about $860,000.

Sprott Copper Miners ETF Price Performance

Shares of NASDAQ:COPP opened at $43.63 on Tuesday. Sprott Copper Miners ETF has a fifty-two week low of $20.81 and a fifty-two week high of $47.46. The business has a 50-day moving average of $38.68 and a two-hundred day moving average of $37.32. The stock has a market capitalization of $315.44 million, a P/E ratio of 30.50 and a beta of 0.76.

Sprott Copper Miners ETF Company Profile

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.