Sprott Copper Miners ETF (NASDAQ:COPP) Sees Significant Increase in Short Interest

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 91,360 shares, a growth of 183.8% from the May 31st total of 32,192 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 174,105 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Sprott Copper Miners ETF

Several hedge funds have recently bought and sold shares of COPP. Caitlin John LLC bought a new position in Sprott Copper Miners ETF in the fourth quarter valued at approximately $25,000. First United Bank & Trust bought a new stake in shares of Sprott Copper Miners ETF during the first quarter worth $36,000. Blue Trust Inc. acquired a new stake in shares of Sprott Copper Miners ETF during the fourth quarter worth $37,000. Main Street Group LTD bought a new stake in Sprott Copper Miners ETF in the 1st quarter valued at $41,000. Finally, AdvisorNet Financial Inc lifted its position in Sprott Copper Miners ETF by 33.4% in the 1st quarter. AdvisorNet Financial Inc now owns 2,295 shares of the company’s stock valued at $82,000 after acquiring an additional 575 shares in the last quarter.

Sprott Copper Miners ETF Price Performance

Shares of Sprott Copper Miners ETF stock traded up $0.82 during trading hours on Tuesday, hitting $38.28. The company’s stock had a trading volume of 74,042 shares, compared to its average volume of 271,047. Sprott Copper Miners ETF has a 12 month low of $20.81 and a 12 month high of $47.46. The stock has a 50 day moving average of $40.38 and a 200 day moving average of $38.83. The company has a market capitalization of $276.76 million, a PE ratio of 30.50 and a beta of 0.85.

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.