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

Sprott Copper Miners ETF (NASDAQ:COPPGet Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 80,761 shares, a growth of 87.4% from the April 30th total of 43,097 shares. Based on an average trading volume of 218,381 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.1% of the shares of the company are short sold.

Sprott Copper Miners ETF Stock Down 3.5%

Shares of COPP stock opened at $44.10 on Thursday. The company has a 50 day moving average price of $39.13 and a 200-day moving average price of $37.52. Sprott Copper Miners ETF has a 52 week low of $20.81 and a 52 week high of $47.46. The firm has a market capitalization of $318.84 million, a PE ratio of 30.50 and a beta of 0.76.

Institutional Trading of Sprott Copper Miners ETF

A number of large investors have recently made changes to their positions in COPP. Caitlin John LLC bought a new stake in shares of Sprott Copper Miners ETF in the fourth quarter worth approximately $25,000. First United Bank & Trust bought a new stake in Sprott Copper Miners ETF during the first quarter valued at approximately $36,000. Blue Trust Inc. bought a new stake in Sprott Copper Miners ETF during the fourth quarter valued at approximately $37,000. Main Street Group LTD bought a new stake in Sprott Copper Miners ETF during the first quarter valued at approximately $41,000. Finally, AdvisorNet Financial Inc grew its position in Sprott Copper Miners ETF by 33.4% during the first quarter. AdvisorNet Financial Inc now owns 2,295 shares of the company’s stock valued at $82,000 after buying an additional 575 shares during the period.

About Sprott Copper Miners ETF

(Get Free Report)

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.

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