Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Short Interest Up 170.9% in December

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 119,970 shares, a growth of 170.9% from the December 15th total of 44,283 shares. Currently, 6.5% of the shares of the company are sold short. Based on an average daily volume of 118,980 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 118,980 shares, the short-interest ratio is currently 1.0 days. Currently, 6.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in Sprott Junior Copper Miners ETF in the 3rd quarter worth approximately $783,000. Envestnet Asset Management Inc. purchased a new position in shares of Sprott Junior Copper Miners ETF during the third quarter worth $390,000. Synergy Asset Management LLC purchased a new position in shares of Sprott Junior Copper Miners ETF during the third quarter worth $376,000. Finally, Susquehanna International Group LLP acquired a new position in Sprott Junior Copper Miners ETF during the third quarter valued at $204,000.

Sprott Junior Copper Miners ETF Price Performance

Sprott Junior Copper Miners ETF stock traded down $0.84 during mid-day trading on Thursday, reaching $44.75. 50,135 shares of the company traded hands, compared to its average volume of 212,004. Sprott Junior Copper Miners ETF has a fifty-two week low of $16.22 and a fifty-two week high of $45.78. The firm’s fifty day moving average is $38.53 and its two-hundred day moving average is $32.47. The company has a market capitalization of $89.06 million, a price-to-earnings ratio of 11.67 and a beta of 0.83.

Sprott Junior Copper Miners ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were given a dividend of $4.5473 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 1,272.0%.

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.