Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Sees Significant Decrease in Short Interest

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 7,221 shares, a decrease of 72.7% from the April 15th total of 26,447 shares. Based on an average daily trading volume, of 97,605 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

Sprott Junior Copper Miners ETF Stock Down 2.2%

Shares of NASDAQ:COPJ traded down $1.03 during midday trading on Thursday, reaching $45.84. The company had a trading volume of 71,769 shares, compared to its average volume of 210,419. The business’s 50 day moving average price is $41.29 and its 200 day moving average price is $41.16. The stock has a market cap of $186.57 million, a PE ratio of 11.67 and a beta of 0.95. Sprott Junior Copper Miners ETF has a 1-year low of $19.70 and a 1-year high of $53.94.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Trifecta Capital Advisors LLC bought a new position in shares of Sprott Junior Copper Miners ETF in the first quarter valued at $39,000. Simplex Trading LLC acquired a new position in shares of Sprott Junior Copper Miners ETF during the 4th quarter worth about $121,000. Osaic Holdings Inc. increased its stake in shares of Sprott Junior Copper Miners ETF by 26.9% during the 4th quarter. Osaic Holdings Inc. now owns 3,895 shares of the company’s stock worth $153,000 after purchasing an additional 825 shares during the last quarter. Group One Trading LLC raised its holdings in shares of Sprott Junior Copper Miners ETF by 1,189.6% in the 1st quarter. Group One Trading LLC now owns 4,978 shares of the company’s stock valued at $194,000 after purchasing an additional 4,592 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in Sprott Junior Copper Miners ETF in the 3rd quarter valued at about $204,000.

Sprott Junior Copper Miners ETF Company Profile

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.