Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Drops By 57.1%

Sprott Copper Miners ETF (NASDAQ:COPP) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 25,855 shares, a drop of 57.1% from the August 15th total of 60,321 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 112,254 shares, the short-interest ratio is currently 0.2 days.

Sprott Copper Miners ETF Trading Down 2.7%

Sprott Copper Miners ETF stock traded down $1.15 during trading on Monday, hitting $41.73. The company had a trading volume of 136,675 shares, compared to its average volume of 220,387. The stock has a market cap of $285.02 million, a price-to-earnings ratio of 30.50 and a beta of 0.97. Sprott Copper Miners ETF has a 1-year low of $25.84 and a 1-year high of $47.46. The company’s 50 day simple moving average is $41.17 and its 200-day simple moving average is $39.90.

Institutional Investors Weigh In On Sprott Copper Miners ETF

Institutional investors have recently modified their holdings of the company. Regency Capital Management Inc. DE purchased a new stake in shares of Sprott Copper Miners ETF in the 1st quarter valued at $2,343,000. Corrado Advisors LLC grew its position in Sprott Copper Miners ETF by 2.7% in the 4th quarter. Corrado Advisors LLC now owns 44,751 shares of the company’s stock valued at $1,558,000 after acquiring an additional 1,156 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position in Sprott Copper Miners ETF by 30.0% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 42,367 shares of the company’s stock valued at $1,513,000 after acquiring an additional 9,785 shares in the last quarter. Carnegie Investment Counsel acquired a new position in Sprott Copper Miners ETF in the 1st quarter valued at about $1,489,000. Finally, Kestra Advisory Services LLC purchased a new stake in Sprott Copper Miners ETF during the first quarter worth about $1,192,000.

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.