Short Interest in Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Drops By 85.7%

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 100 shares, a drop of 85.7% from the October 31st total of 700 shares. Based on an average daily volume of 7,500 shares, the short-interest ratio is currently 0.0 days.

Sprott Junior Copper Miners ETF Trading Up 1.6 %

Shares of COPJ stock traded up $0.35 during trading on Wednesday, reaching $21.82. 794 shares of the company’s stock traded hands, compared to its average volume of 9,914. The firm’s 50-day moving average is $22.48 and its 200 day moving average is $22.13. The company has a market capitalization of $10.91 million, a P/E ratio of 11.30 and a beta of -1.84. Sprott Junior Copper Miners ETF has a 1 year low of $16.47 and a 1 year high of $26.43.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

A hedge fund recently raised its stake in Sprott Junior Copper Miners ETF stock. HighTower Advisors LLC increased its stake in Sprott Junior Copper Miners ETF (NASDAQ:COPJ) by 23.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,298 shares of the company’s stock after purchasing an additional 6,968 shares during the quarter. HighTower Advisors LLC owned about 7.26% of Sprott Junior Copper Miners ETF worth $856,000 at the end of the most recent quarter.

About Sprott Junior Copper Miners ETF

The Sprott Junior Copper Miners ETF (COPJ) is an exchange-traded fund that is based on the Nasdaq Sprott Junior Copper Miners index. The fund seeks to track an index of small copper miners around the globe, primarily those with revenues tied to the mining, development and production of copper. Securities are selected using a fundamental, proprietary methodology and weighted by market cap.