Sprott Copper Miners ETF (NASDAQ:COPP – Get Free Report) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 32,192 shares, a drop of 60.1% from the May 14th total of 80,761 shares. Based on an average daily volume of 105,944 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the shares of the stock are short sold.
Sprott Copper Miners ETF Stock Up 3.6%
Sprott Copper Miners ETF stock traded up $1.48 during trading hours on Friday, hitting $42.34. The stock had a trading volume of 126,978 shares, compared to its average volume of 282,948. The business’s 50 day simple moving average is $40.00 and its 200-day simple moving average is $38.12. Sprott Copper Miners ETF has a one year low of $20.81 and a one year high of $47.46. The stock has a market cap of $306.12 million, a price-to-earnings ratio of 30.50 and a beta of 0.85.
Hedge Funds Weigh In On Sprott Copper Miners ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Regency Capital Management Inc. DE bought a new position in Sprott Copper Miners ETF during the 1st quarter worth approximately $2,343,000. Carnegie Investment Counsel bought a new position in Sprott Copper Miners ETF during the first quarter worth $1,489,000. Kestra Advisory Services LLC bought a new position in Sprott Copper Miners ETF during the first quarter worth $1,192,000. Columbia Advisory Partners LLC acquired a new position in Sprott Copper Miners ETF in the first quarter valued at $1,056,000. Finally, J.W. Cole Advisors Inc. acquired a new position in Sprott Copper Miners ETF in the fourth quarter valued at $860,000.
About Sprott Copper Miners ETF
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.
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