Sprott Copper Miners ETF (NASDAQ:COPP) Sees Significant Increase in Short Interest

Sprott Copper Miners ETF (NASDAQ:COPP) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,200 shares, an increase of 700.0% from the October 15th total of 400 shares. Based on an average daily volume of 16,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Sprott Copper Miners ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC acquired a new position in Sprott Copper Miners ETF during the 2nd quarter worth $772,000. Sparta 24 Ltd. bought a new stake in shares of Sprott Copper Miners ETF in the 2nd quarter valued at $2,543,000. International Assets Investment Management LLC bought a new stake in shares of Sprott Copper Miners ETF in the 3rd quarter valued at $3,641,000. Corrado Advisors LLC increased its holdings in Sprott Copper Miners ETF by 4.0% during the 3rd quarter. Corrado Advisors LLC now owns 30,128 shares of the company’s stock worth $783,000 after purchasing an additional 1,158 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new position in Sprott Copper Miners ETF during the 3rd quarter worth about $201,000.

Sprott Copper Miners ETF Stock Performance

Shares of Sprott Copper Miners ETF stock traded down $0.50 during trading on Tuesday, reaching $23.23. The company’s stock had a trading volume of 20,457 shares, compared to its average volume of 28,493. The business’s fifty day moving average price is $24.47 and its 200-day moving average price is $24.82. The firm has a market cap of $26.02 million, a price-to-earnings ratio of 41.36 and a beta of 0.77. Sprott Copper Miners ETF has a one year low of $20.11 and a one year high of $28.84.

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.