Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Short Interest Update

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 38,904 shares, a decline of 63.2% from the August 15th total of 105,817 shares. Based on an average daily trading volume, of 91,536 shares, the short-interest ratio is presently 0.4 days. Approximately 1.1% of the shares of the stock are short sold.

Sprott Junior Copper Miners ETF Stock Performance

Shares of COPJ stock traded down $0.83 during trading hours on Tuesday, reaching $42.84. The company had a trading volume of 40,153 shares, compared to its average volume of 148,365. Sprott Junior Copper Miners ETF has a 12-month low of $28.11 and a 12-month high of $53.94. The company has a market capitalization of $158.08 million, a price-to-earnings ratio of 11.67 and a beta of 1.06. The stock has a fifty day moving average of $43.01 and a 200-day moving average of $42.28.

Hedge Funds Weigh In On Sprott Junior Copper Miners ETF

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC purchased a new stake in Sprott Junior Copper Miners ETF during the 1st quarter worth approximately $28,000. Trifecta Capital Advisors LLC purchased a new position in Sprott Junior Copper Miners ETF in the 1st quarter valued at approximately $39,000. Coppell Advisory Solutions LLC purchased a new position in Sprott Junior Copper Miners ETF in the 2nd quarter valued at approximately $167,000. Group One Trading LLC grew its stake in shares of Sprott Junior Copper Miners ETF by 1,189.6% in the first quarter. Group One Trading LLC now owns 4,978 shares of the company’s stock worth $194,000 after acquiring an additional 4,592 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Sprott Junior Copper Miners ETF by 125.3% in the second quarter. TD Waterhouse Canada Inc. now owns 6,961 shares of the company’s stock worth $271,000 after acquiring an additional 3,871 shares in the last quarter.

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.