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

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 420,111 shares, an increase of 250.0% from the January 15th total of 120,036 shares. Approximately 11.0% of the company’s shares are short sold. Based on an average daily volume of 536,963 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 536,963 shares, the days-to-cover ratio is currently 0.8 days. Approximately 11.0% of the company’s shares are short sold.

Sprott Junior Copper Miners ETF Price Performance

COPJ traded up $0.34 during mid-day trading on Wednesday, hitting $46.24. The stock had a trading volume of 188,537 shares, compared to its average volume of 355,402. The stock’s fifty day simple moving average is $42.87 and its 200-day simple moving average is $35.35. The firm has a market capitalization of $177.10 million, a price-to-earnings ratio of 11.67 and a beta of 0.83. Sprott Junior Copper Miners ETF has a 1-year low of $16.22 and a 1-year high of $53.94.

Sprott Junior Copper Miners ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were paid a dividend of $4.5473 per share. This represents a yield of 1,272.0%. The ex-dividend date of this dividend was Thursday, December 18th.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

Several large investors have recently modified their holdings of the business. Simplex Trading LLC bought a new stake in Sprott Junior Copper Miners ETF during the fourth quarter worth about $121,000. Susquehanna International Group LLP acquired a new position in shares of Sprott Junior Copper Miners ETF during the 3rd quarter worth approximately $204,000. Synergy Asset Management LLC bought a new stake in shares of Sprott Junior Copper Miners ETF during the 3rd quarter worth approximately $376,000. Envestnet Asset Management Inc. acquired a new stake in shares of Sprott Junior Copper Miners ETF in the 3rd quarter valued at approximately $390,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Sprott Junior Copper Miners ETF in the 3rd quarter valued at approximately $783,000.

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.