Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Down 28.7% in March

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 7,200 shares, a decline of 28.7% from the February 28th total of 10,100 shares. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sprott Copper Miners ETF stock. Jane Street Group LLC raised its position in shares of Sprott Copper Miners ETF (NASDAQ:COPP) by 130.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,000 shares of the company’s stock after purchasing an additional 23,192 shares during the quarter. Jane Street Group LLC owned about 3.57% of Sprott Copper Miners ETF worth $841,000 as of its most recent SEC filing.

Sprott Copper Miners ETF Stock Down 2.5 %

COPP stock opened at $19.69 on Tuesday. Sprott Copper Miners ETF has a fifty-two week low of $18.53 and a fifty-two week high of $28.84. The company has a market capitalization of $22.64 million, a P/E ratio of 32.14 and a beta of 0.77. The company has a 50-day simple moving average of $20.70 and a 200 day simple moving average of $22.40.

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.