Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Sees Large Increase in Short Interest

by · The Cerbat Gem

Sprott Junior Copper Miners ETF (NASDAQ:COPJ – Get Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 52,238 shares, a growth of 623.4% from the April 30th total of 7,221 shares. Based on an average daily volume of 120,195 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Sprott Junior Copper Miners ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Sprott Junior Copper Miners ETF by 145.1% in the first quarter. Royal Bank of Canada now owns 9,717 shares of the company’s stock valued at $379,000 after acquiring an additional 5,752 shares during the last quarter. Group One Trading LLC increased its stake in shares of Sprott Junior Copper Miners ETF by 1,189.6% during the 1st quarter. Group One Trading LLC now owns 4,978 shares of the company’s stock worth $194,000 after purchasing an additional 4,592 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Sprott Junior Copper Miners ETF during the 1st quarter valued at $534,000. PNC Financial Services Group Inc. lifted its stake in shares of Sprott Junior Copper Miners ETF by 9.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 26,938 shares of the company’s stock valued at $1,050,000 after purchasing an additional 2,336 shares during the last quarter. Finally, Trifecta Capital Advisors LLC acquired a new stake in shares of Sprott Junior Copper Miners ETF in the 1st quarter valued at $39,000.

Sprott Junior Copper Miners ETF Price Performance

COPJ opened at $43.25 on Thursday. The company has a market capitalization of $176.03 million, a PE ratio of 11.67 and a beta of 0.95. Sprott Junior Copper Miners ETF has a fifty-two week low of $21.80 and a fifty-two week high of $53.94. The business has a 50-day moving average of $41.20 and a 200-day moving average of $41.69.

Sprott Junior Copper Miners ETF Company Profile

(Get Free Report)

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.

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