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

Sprott Copper Miners ETF (NASDAQ:COPP) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,043,200 shares, a growth of 1,816.7% from the January 15th total of 54,427 shares. Based on an average daily volume of 829,883 shares, the days-to-cover ratio is currently 1.3 days. Approximately 16.6% of the company’s stock are short sold. Approximately 16.6% of the company’s stock are short sold. Based on an average daily volume of 829,883 shares, the days-to-cover ratio is currently 1.3 days.

Sprott Copper Miners ETF Stock Down 1.4%

COPP stock traded down $0.57 during midday trading on Tuesday, reaching $41.32. 244,121 shares of the company’s stock traded hands, compared to its average volume of 550,618. The firm’s fifty day moving average price is $36.82 and its 200-day moving average price is $30.27. Sprott Copper Miners ETF has a 52 week low of $15.38 and a 52 week high of $47.46. The company has a market cap of $260.32 million, a price-to-earnings ratio of 30.50 and a beta of 0.67.

Sprott Copper Miners ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were issued a $0.8237 dividend. This represents a dividend yield of 251.0%. The ex-dividend date was Thursday, December 18th.

Institutional Trading of Sprott Copper Miners ETF

Several institutional investors and hedge funds have recently modified their holdings of COPP. Corrado Advisors LLC lifted its holdings in shares of Sprott Copper Miners ETF by 2.7% in the fourth quarter. Corrado Advisors LLC now owns 44,751 shares of the company’s stock valued at $1,558,000 after purchasing an additional 1,156 shares in the last quarter. Smith Moore & CO. raised its position in Sprott Copper Miners ETF by 13.9% in the 4th quarter. Smith Moore & CO. now owns 8,200 shares of the company’s stock valued at $285,000 after buying an additional 1,000 shares during the last quarter. Blue Trust Inc. bought a new position in Sprott Copper Miners ETF during the 4th quarter valued at $37,000. Susquehanna International Group LLP lifted its stake in Sprott Copper Miners ETF by 17.9% during the 3rd quarter. Susquehanna International Group LLP now owns 24,154 shares of the company’s stock valued at $683,000 after acquiring an additional 3,675 shares in the last quarter. Finally, Sprott Inc. purchased a new position in Sprott Copper Miners ETF during the 3rd quarter worth $211,000.

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.