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

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

Institutional Trading of Sprott Copper Miners ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. OneDigital Investment Advisors LLC acquired a new position in Sprott Copper Miners ETF in the 3rd quarter valued at $201,000. SeaCrest Wealth Management LLC acquired a new position in shares of Sprott Copper Miners ETF in the second quarter valued at approximately $772,000. Corrado Advisors LLC grew its holdings in Sprott Copper Miners ETF by 4.0% during the third quarter. Corrado Advisors LLC now owns 30,128 shares of the company’s stock worth $783,000 after acquiring an additional 1,158 shares during the period. Sparta 24 Ltd. purchased a new stake in Sprott Copper Miners ETF during the second quarter worth $2,543,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Sprott Copper Miners ETF in the third quarter valued at $3,641,000.

Sprott Copper Miners ETF Trading Down 2.1 %

Shares of COPP stock traded down $0.50 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 stock’s fifty day simple moving average is $24.47 and its 200-day simple moving average is $24.82. Sprott Copper Miners ETF has a 1 year low of $20.11 and a 1 year high of $28.84. The company has a market capitalization of $26.02 million, a price-to-earnings ratio of 41.36 and a beta of 0.77.

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.