Sprott Copper Miners ETF (NASDAQ:COPP) Shares Down 1.9% – Here’s What Happened

Sprott Copper Miners ETF (NASDAQ:COPP) was down 1.9% on Monday . The stock traded as low as $38.32 and last traded at $38.86. Approximately 135,659 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 310,246 shares. The stock had previously closed at $39.63.

Sprott Copper Miners ETF Stock Down 1.9%

The company has a market capitalization of $280.96 million, a PE ratio of 30.50 and a beta of 0.76. The company has a 50-day moving average price of $37.83 and a two-hundred day moving average price of $36.50.

Institutional Investors Weigh In On Sprott Copper Miners ETF

Several large investors have recently added to or reduced their stakes in COPP. Caitlin John LLC bought a new stake in Sprott Copper Miners ETF during the fourth quarter valued at $25,000. First United Bank & Trust bought a new stake in Sprott Copper Miners ETF during the first quarter valued at $36,000. Blue Trust Inc. bought a new stake in Sprott Copper Miners ETF during the fourth quarter valued at $37,000. Main Street Group LTD bought a new stake in Sprott Copper Miners ETF during the first quarter valued at $41,000. Finally, AdvisorNet Financial Inc boosted its stake 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.

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.