Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Grows By 117.0%

Sprott Copper Miners ETF (NASDAQ:COPP) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 11,500 shares, an increase of 117.0% from the January 31st total of 5,300 shares. Based on an average trading volume of 15,700 shares, the days-to-cover ratio is currently 0.7 days.

Sprott Copper Miners ETF Stock Down 1.5 %

NASDAQ COPP traded down $0.30 on Friday, hitting $19.65. The company’s stock had a trading volume of 36,294 shares, compared to its average volume of 13,477. Sprott Copper Miners ETF has a 1-year low of $19.24 and a 1-year high of $28.84. The company’s 50-day moving average is $20.83 and its 200 day moving average is $22.78. The firm has a market cap of $22.60 million, a PE ratio of 28.95 and a beta of 0.77.

Sprott Copper Miners ETF Announces Dividend

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

Institutional Investors Weigh In On Sprott Copper Miners ETF

Large investors have recently modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new stake in shares of Sprott Copper Miners ETF during the third quarter worth $201,000. Corrado Advisors LLC increased its position in shares of Sprott Copper Miners ETF by 13.9% during the fourth quarter. Corrado Advisors LLC now owns 34,305 shares of the company’s stock worth $704,000 after buying an additional 4,177 shares during the period. Jane Street Group LLC increased its position in shares of Sprott Copper Miners ETF by 130.2% during the fourth quarter. Jane Street Group LLC now owns 41,000 shares of the company’s stock worth $841,000 after buying an additional 23,192 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Sprott Copper Miners ETF during the third quarter worth $3,641,000.

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.