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

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 91,360 shares, an increase of 183.8% from the May 31st total of 32,192 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 174,105 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Caitlin John LLC purchased a new position in shares of Sprott Copper Miners ETF during the fourth quarter valued at approximately $25,000. First United Bank & Trust acquired a new position in shares of Sprott Copper Miners ETF in the 1st quarter valued at about $36,000. Blue Trust Inc. purchased a new stake in Sprott Copper Miners ETF during the fourth quarter worth approximately $37,000. Main Street Group LTD acquired a new stake in Sprott Copper Miners ETF in the 1st quarter valued at $41,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Sprott Copper Miners ETF by 33.4% in the first quarter. AdvisorNet Financial Inc now owns 2,295 shares of the company’s stock valued at $82,000 after buying an additional 575 shares in the last quarter.

Sprott Copper Miners ETF Trading Up 0.1%

Shares of COPP stock traded up $0.02 during mid-day trading on Friday, reaching $37.74. The stock had a trading volume of 108,859 shares, compared to its average volume of 274,172. The business has a 50-day simple moving average of $40.45 and a 200 day simple moving average of $38.75. Sprott Copper Miners ETF has a 12-month low of $20.81 and a 12-month high of $47.46. The company has a market cap of $272.86 million, a P/E ratio of 30.50 and a beta of 0.85.

Sprott Copper Miners ETF Company Profile

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.