Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Short Interest Update

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 73,025 shares, an increase of 144.5% from the May 31st total of 29,869 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 102,844 shares, the days-to-cover ratio is currently 0.7 days.

Sprott Junior Copper Miners ETF Trading Down 0.3%

Shares of NASDAQ COPJ traded down $0.12 during mid-day trading on Monday, reaching $38.68. The company had a trading volume of 41,261 shares, compared to its average volume of 180,762. The stock has a market cap of $157.43 million, a price-to-earnings ratio of 11.67 and a beta of 0.97. Sprott Junior Copper Miners ETF has a 52 week low of $24.16 and a 52 week high of $53.94. The business’s 50-day moving average is $42.60 and its 200-day moving average is $42.59.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

Several hedge funds have recently modified their holdings of COPJ. Envestnet Asset Management Inc. bought a new position in Sprott Junior Copper Miners ETF in the third quarter worth about $390,000. Susquehanna International Group LLP bought a new stake in shares of Sprott Junior Copper Miners ETF in the 3rd quarter valued at about $204,000. Client First Investment Management LLC purchased a new position in shares of Sprott Junior Copper Miners ETF in the 4th quarter worth approximately $1,083,000. Simplex Trading LLC purchased a new position in shares of Sprott Junior Copper Miners ETF in the 4th quarter worth approximately $121,000. Finally, Osaic Holdings Inc. grew its position in shares of Sprott Junior Copper Miners ETF by 26.9% in the 4th quarter. Osaic Holdings Inc. now owns 3,895 shares of the company’s stock worth $153,000 after buying an additional 825 shares during the last quarter.

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.