Short Interest in Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Increases By 623.4%

Sprott Junior Copper Miners ETF (NASDAQ:COPJGet Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 52,238 shares, an increase of 623.4% from the April 30th total of 7,221 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 120,195 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in COPJ. Trifecta Capital Advisors LLC acquired a new position in shares of Sprott Junior Copper Miners ETF during the first quarter worth approximately $39,000. Simplex Trading LLC acquired a new position in Sprott Junior Copper Miners ETF during the 4th quarter valued at $121,000. Osaic Holdings Inc. boosted its holdings in Sprott Junior Copper Miners ETF by 26.9% in the 4th quarter. Osaic Holdings Inc. now owns 3,895 shares of the company’s stock valued at $153,000 after purchasing an additional 825 shares during the period. Group One Trading LLC grew its position in Sprott Junior Copper Miners ETF by 1,189.6% in the 1st quarter. Group One Trading LLC now owns 4,978 shares of the company’s stock worth $194,000 after purchasing an additional 4,592 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Sprott Junior Copper Miners ETF during the 3rd quarter worth about $204,000.

Sprott Junior Copper Miners ETF Price Performance

COPJ stock traded down $0.21 on Friday, reaching $44.58. The company’s stock had a trading volume of 46,476 shares, compared to its average volume of 198,146. Sprott Junior Copper Miners ETF has a 52 week low of $21.80 and a 52 week high of $53.94. The company has a market capitalization of $181.44 million, a P/E ratio of 11.67 and a beta of 0.95. The firm has a fifty day moving average of $41.43 and a two-hundred day moving average of $41.79.

About Sprott Junior Copper Miners ETF

(Get Free Report)

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.

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