Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Drops By 60.1%

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 32,192 shares, a decline of 60.1% from the May 14th total of 80,761 shares. Based on an average daily trading volume, of 105,944 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the company are short sold.

Sprott Copper Miners ETF Price Performance

Sprott Copper Miners ETF stock traded up $1.48 during midday trading on Friday, reaching $42.34. 126,978 shares of the company traded hands, compared to its average volume of 282,948. The firm has a market capitalization of $306.12 million, a price-to-earnings ratio of 30.50 and a beta of 0.85. The business has a 50 day moving average of $40.00 and a two-hundred day moving average of $38.05. Sprott Copper Miners ETF has a 12 month low of $20.81 and a 12 month high of $47.46.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Caitlin John LLC purchased a new stake in shares of Sprott Copper Miners ETF during the 4th quarter valued at about $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. purchased a new stake in Sprott Copper Miners ETF during the fourth quarter valued at approximately $37,000. Main Street Group LTD purchased a new stake in Sprott Copper Miners ETF during the first quarter valued at approximately $41,000. Finally, AdvisorNet Financial Inc raised its position in Sprott Copper Miners ETF by 33.4% in the first quarter. AdvisorNet Financial Inc now owns 2,295 shares of the company’s stock worth $82,000 after acquiring an additional 575 shares during the period.

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.