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

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 38,904 shares, a decline of 63.2% from the August 15th total of 105,817 shares. Based on an average daily volume of 91,536 shares, the short-interest ratio is presently 0.4 days. Approximately 1.1% of the shares of the company are short sold.

Sprott Junior Copper Miners ETF Trading Up 1.0%

NASDAQ:COPJ traded up $0.43 during mid-day trading on Friday, hitting $45.44. 53,838 shares of the company’s stock traded hands, compared to its average volume of 149,541. The firm has a market capitalization of $167.67 million, a price-to-earnings ratio of 11.67 and a beta of 1.06. The firm has a 50 day moving average of $42.95 and a two-hundred day moving average of $42.33. Sprott Junior Copper Miners ETF has a 12 month low of $28.00 and a 12 month high of $53.94.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in Sprott Junior Copper Miners ETF during the 1st quarter valued at $28,000. Trifecta Capital Advisors LLC bought a new position in shares of Sprott Junior Copper Miners ETF during the 1st quarter worth about $39,000. Simplex Trading LLC bought a new position in shares of Sprott Junior Copper Miners ETF during the 4th quarter worth about $121,000. Osaic Holdings Inc. raised its position in shares of Sprott Junior Copper Miners ETF by 26.9% during the fourth quarter. Osaic Holdings Inc. now owns 3,895 shares of the company’s stock valued at $153,000 after buying an additional 825 shares during the last quarter. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of Sprott Junior Copper Miners ETF in the second quarter valued at about $167,000.

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.