Sprott Copper Miners ETF (NASDAQ:COPP) Sees Significant Decrease in Short Interest
by Teresa Graham · The Cerbat GemSprott Copper Miners ETF (NASDAQ:COPP – Get Free Report) saw a large decrease in short interest in March. As of March 31st, there was short interest totaling 15,501 shares, a decrease of 89.4% from the March 15th total of 146,791 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 214,925 shares, the days-to-cover ratio is presently 0.1 days.
Sprott Copper Miners ETF Stock Up 1.9%
COPP stock traded up $0.75 during trading on Friday, reaching $39.70. The company’s stock had a trading volume of 184,064 shares, compared to its average volume of 364,148. Sprott Copper Miners ETF has a 1 year low of $17.08 and a 1 year high of $47.46. The company has a market capitalization of $287.03 million, a P/E ratio of 30.50 and a beta of 0.95. The company’s fifty day moving average is $38.56 and its 200-day moving average is $34.55.
Institutional Investors Weigh In On Sprott Copper Miners ETF
Institutional investors have recently bought and sold shares of the business. Caitlin John LLC purchased a new stake in Sprott Copper Miners ETF in the 4th quarter worth $25,000. Blue Trust Inc. purchased a new stake in Sprott Copper Miners ETF during the 4th quarter valued at approximately $37,000. AdvisorNet Financial Inc purchased a new stake in Sprott Copper Miners ETF during the 3rd quarter valued at approximately $49,000. Federation des caisses Desjardins du Quebec purchased a new stake in Sprott Copper Miners ETF during the 4th quarter valued at approximately $92,000. Finally, Hollencrest Capital Management purchased a new stake in Sprott Copper Miners ETF during the 3rd quarter valued at approximately $94,000.
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.