Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Increases By 20.8%

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 2,900 shares, a growth of 20.8% from the December 15th total of 2,400 shares. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is currently 0.2 days.

Sprott Copper Miners ETF Stock Performance

Sprott Copper Miners ETF stock opened at $21.27 on Friday. Sprott Copper Miners ETF has a fifty-two week low of $20.11 and a fifty-two week high of $28.84. The stock’s 50 day simple moving average is $22.03 and its two-hundred day simple moving average is $23.50. The stock has a market cap of $24.46 million, a price-to-earnings ratio of 41.36 and a beta of 0.77.

Sprott Copper Miners ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 12th were paid a $0.5308 dividend. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Trading of Sprott Copper Miners ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. OneDigital Investment Advisors LLC bought a new stake in shares of Sprott Copper Miners ETF during the 3rd quarter valued at about $201,000. Corrado Advisors LLC lifted its stake in shares of Sprott Copper Miners ETF by 4.0% in 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 during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Sprott Copper Miners ETF in the third quarter worth approximately $3,641,000.

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.