Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Declines By 28.7%

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 7,200 shares, a decline of 28.7% from the February 28th total of 10,100 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Sprott Copper Miners ETF

An institutional investor recently raised its position in Sprott Copper Miners ETF stock. Corrado Advisors LLC lifted its position in Sprott Copper Miners ETF (NASDAQ:COPP) by 13.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,305 shares of the company’s stock after acquiring an additional 4,177 shares during the period. Corrado Advisors LLC owned 2.98% of Sprott Copper Miners ETF worth $704,000 as of its most recent SEC filing.

Sprott Copper Miners ETF Trading Down 3.9 %

NASDAQ COPP traded down $0.82 during trading on Friday, hitting $20.19. The company had a trading volume of 14,794 shares, compared to its average volume of 23,270. The company’s fifty day moving average is $20.73 and its 200-day moving average is $22.42. The company has a market cap of $23.22 million, a price-to-earnings ratio of 32.14 and a beta of 0.77. Sprott Copper Miners ETF has a one year low of $18.53 and a one year high of $28.84.

About Sprott Copper Miners ETF

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.