Sprott Junior Copper Miners ETF (NASDAQ:COPJ – Get Free Report) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 29,869 shares, a decrease of 42.8% from the May 14th total of 52,238 shares. Based on an average daily volume of 78,208 shares, the short-interest ratio is currently 0.4 days. Approximately 0.7% of the company’s shares are short sold.
Sprott Junior Copper Miners ETF Stock Performance
NASDAQ:COPJ traded up $0.24 during trading hours on Tuesday, reaching $44.85. The company’s stock had a trading volume of 51,404 shares, compared to its average volume of 187,945. The firm has a market capitalization of $182.54 million, a price-to-earnings ratio of 11.67 and a beta of 0.97. The firm has a 50-day simple moving average of $42.66 and a 200-day simple moving average of $42.43. Sprott Junior Copper Miners ETF has a 1 year low of $23.02 and a 1 year high of $53.94.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of COPJ. NewEdge Advisors LLC bought a new stake in shares of Sprott Junior Copper Miners ETF in the 1st quarter valued at about $28,000. Trifecta Capital Advisors LLC bought a new stake in shares of Sprott Junior Copper Miners ETF in the 1st quarter valued at about $39,000. Simplex Trading LLC bought a new stake in shares of Sprott Junior Copper Miners ETF in the 4th quarter valued at about $121,000. Osaic Holdings Inc. lifted its stake in shares of 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 acquiring an additional 825 shares during the last quarter. Finally, Group One Trading LLC lifted its stake in shares of 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 valued at $194,000 after acquiring an additional 4,592 shares during the last quarter.
Sprott Junior Copper Miners ETF Company Profile
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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