Sprott Copper Miners ETF (NASDAQ:COPP – Get Free Report) saw a large growth in short interest during 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 shares of the stock are sold short. Based on an average daily volume of 174,105 shares, the short-interest ratio is presently 0.5 days.
Sprott Copper Miners ETF Stock Performance
Shares of COPP stock traded down $0.28 on Monday, reaching $37.46. 90,983 shares of the company’s stock traded hands, compared to its average volume of 272,672. Sprott Copper Miners ETF has a 12-month low of $20.81 and a 12-month high of $47.46. The business’s 50 day moving average price is $40.45 and its two-hundred day moving average price is $38.80. The company has a market capitalization of $270.84 million, a P/E ratio of 30.50 and a beta of 0.85.
Institutional Investors Weigh In On Sprott Copper Miners ETF
Several hedge funds have recently made changes to their positions in the stock. Caitlin John LLC bought a new position in Sprott Copper Miners ETF during the fourth quarter worth about $25,000. First United Bank & Trust bought a new position in shares of Sprott Copper Miners ETF in the first quarter valued at approximately $36,000. Blue Trust Inc. acquired a new position in Sprott Copper Miners ETF during the 4th quarter worth about $37,000. Main Street Group LTD acquired a new position in shares of Sprott Copper Miners ETF during the first quarter worth approximately $41,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of Sprott Copper Miners ETF by 33.4% in the first quarter. AdvisorNet Financial Inc now owns 2,295 shares of the company’s stock valued at $82,000 after purchasing an additional 575 shares in the last quarter.
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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