Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Update

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

Institutional Investors Weigh In On Sprott Copper Miners ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. OneDigital Investment Advisors LLC bought a new stake in shares of Sprott Copper Miners ETF during the third quarter worth about $201,000. Corrado Advisors LLC boosted 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 purchasing an additional 1,158 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Sprott Copper Miners ETF during the third quarter worth about $3,641,000. Sparta 24 Ltd. purchased a new position in Sprott Copper Miners ETF during the second quarter worth about $2,543,000. Finally, SeaCrest Wealth Management LLC purchased a new position in Sprott Copper Miners ETF during the second quarter worth about $772,000.

Sprott Copper Miners ETF Stock Down 1.1 %

COPP traded down $0.25 during midday trading on Wednesday, hitting $22.98. The company had a trading volume of 4,785 shares, compared to its average volume of 28,358. Sprott Copper Miners ETF has a 52 week low of $20.11 and a 52 week high of $28.84. The company has a market capitalization of $25.74 million, a price-to-earnings ratio of 41.36 and a beta of 0.77. The stock’s 50 day moving average price is $24.49 and its 200 day moving average price is $24.80.

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.