Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Short Interest Up 144.5% in June

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 73,025 shares, a growth of 144.5% from the May 31st total of 29,869 shares. Based on an average daily trading volume, of 102,844 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.8% of the shares of the company are short sold.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. purchased a new stake in shares of Sprott Junior Copper Miners ETF during the 3rd quarter worth about $390,000. Susquehanna International Group LLP purchased a new position in shares of Sprott Junior Copper Miners ETF in the 3rd quarter valued at about $204,000. Client First Investment Management LLC acquired a new position in Sprott Junior Copper Miners ETF in the 4th quarter worth about $1,083,000. Simplex Trading LLC acquired a new position in Sprott Junior Copper Miners ETF in the 4th quarter worth about $121,000. Finally, Osaic Holdings Inc. raised 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 worth $153,000 after purchasing an additional 825 shares during the period.

Sprott Junior Copper Miners ETF Price Performance

COPJ stock traded up $0.82 during trading on Tuesday, hitting $39.50. 46,626 shares of the company traded hands, compared to its average volume of 179,672. The stock’s 50-day simple moving average is $42.50 and its 200 day simple moving average is $42.58. The company has a market cap of $160.76 million, a PE ratio of 11.67 and a beta of 0.97. Sprott Junior Copper Miners ETF has a 1 year low of $24.25 and a 1 year high of $53.94.

About Sprott Junior Copper Miners ETF

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.