Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Down 25.6% in January

Sprott Copper Miners ETF (NASDAQ:COPP) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 54,427 shares, a drop of 25.6% from the December 31st total of 73,196 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average trading volume of 324,286 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 324,286 shares, the short-interest ratio is currently 0.2 days. Approximately 1.1% of the company’s shares are sold short.

Sprott Copper Miners ETF Price Performance

NASDAQ COPP traded down $4.09 on Friday, reaching $39.99. The company had a trading volume of 1,196,289 shares, compared to its average volume of 590,331. The firm has a market cap of $232.34 million, a price-to-earnings ratio of 30.50 and a beta of 0.67. Sprott Copper Miners ETF has a fifty-two week low of $15.38 and a fifty-two week high of $47.46. The business has a 50 day moving average of $35.52 and a two-hundred day moving average of $29.53.

Sprott Copper Miners ETF Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in shares of Sprott Copper Miners ETF during the fourth quarter valued at approximately $37,000. AdvisorNet Financial Inc bought a new position in shares of Sprott Copper Miners ETF during the 3rd quarter worth $49,000. Bank of Montreal Can purchased a new position in shares of Sprott Copper Miners ETF in the second quarter worth about $62,000. Hollencrest Capital Management purchased a new position in Sprott Copper Miners ETF in the 3rd quarter valued at approximately $94,000. Finally, Smith Moore & CO. purchased a new position in shares of Sprott Copper Miners ETF in the third quarter valued at $204,000.

About Sprott Copper Miners ETF

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.