Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Update

Sprott Copper Miners ETF (NASDAQ:COPP) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 32,192 shares, a decrease of 60.1% from the May 14th total of 80,761 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 105,944 shares, the short-interest ratio is presently 0.3 days.

Sprott Copper Miners ETF Stock Performance

Shares of NASDAQ:COPP traded up $1.48 during trading on Friday, reaching $42.34. The company had a trading volume of 126,978 shares, compared to its average volume of 282,948. The firm’s fifty day moving average is $40.00 and its 200 day moving average is $38.05. The firm has a market capitalization of $306.12 million, a PE ratio of 30.50 and a beta of 0.85. Sprott Copper Miners ETF has a twelve month low of $20.81 and a twelve month high of $47.46.

Institutional Trading of Sprott Copper Miners ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitlin John LLC bought a new stake in shares of Sprott Copper Miners ETF in the 4th quarter worth approximately $25,000. First United Bank & Trust acquired a new position in Sprott Copper Miners ETF in the 1st quarter valued at approximately $36,000. Blue Trust Inc. acquired a new position in Sprott Copper Miners ETF in the 4th quarter valued at approximately $37,000. Main Street Group LTD bought a new stake in Sprott Copper Miners ETF in the first quarter worth approximately $41,000. Finally, AdvisorNet Financial Inc grew its position in Sprott Copper Miners ETF by 33.4% in the first quarter. AdvisorNet Financial Inc now owns 2,295 shares of the company’s stock worth $82,000 after acquiring 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.