Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Rises By 220.0%

Sprott Copper Miners ETF (NASDAQ:COPP) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 3,200 shares, a growth of 220.0% from the September 15th total of 1,000 shares. Based on an average daily volume of 19,300 shares, the days-to-cover ratio is currently 0.2 days.

Sprott Copper Miners ETF Stock Performance

Shares of NASDAQ COPP traded up $0.36 during mid-day trading on Friday, reaching $25.65. 3,878 shares of the company’s stock were exchanged, compared to its average volume of 30,215. The firm has a market capitalization of $28.73 million, a price-to-earnings ratio of 41.36 and a beta of 0.77. Sprott Copper Miners ETF has a 52-week low of $20.11 and a 52-week high of $28.84. The company’s 50-day moving average is $23.78 and its 200-day moving average is $24.73.

Hedge Funds Weigh In On Sprott Copper Miners ETF

An institutional investor recently bought a new position in Sprott Copper Miners ETF stock. Sparta 24 Ltd. purchased a new position in Sprott Copper Miners ETF (NASDAQ:COPP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 101,424 shares of the company’s stock, valued at approximately $2,543,000. Sprott Copper Miners ETF makes up about 2.3% of Sparta 24 Ltd.’s portfolio, making the stock its 11th largest holding. Sparta 24 Ltd. owned about 9.06% of Sprott Copper Miners ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.