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

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 5,300 shares, a growth of 65.6% from the October 31st total of 3,200 shares. Based on an average trading volume of 15,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Sprott Copper Miners ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of Sprott Copper Miners ETF during the 3rd quarter worth approximately $3,641,000. Sparta 24 Ltd. purchased a new position in Sprott Copper Miners ETF during the second quarter valued at $2,543,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Sprott Copper Miners ETF in the second quarter valued at about $772,000. OneDigital Investment Advisors LLC purchased a new stake in shares of Sprott Copper Miners ETF during the third quarter worth about $201,000. Finally, Corrado Advisors LLC raised its position in shares of 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 during the last quarter.

Sprott Copper Miners ETF Price Performance

Shares of NASDAQ COPP opened at $23.29 on Friday. The stock has a market capitalization of $26.09 million, a price-to-earnings ratio of 41.36 and a beta of 0.77. The firm’s 50 day simple moving average is $24.59 and its 200-day simple moving average is $24.58. Sprott Copper Miners ETF has a 12 month low of $20.11 and a 12 month 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.