Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Shares Down 0.7% – Time to Sell?

Sprott Junior Copper Miners ETF (NASDAQ:COPJ)’s share price was down 0.7% on Thursday . The stock traded as low as $37.54 and last traded at $39.48. Approximately 50,170 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 251,885 shares. The stock had previously closed at $39.76.

Sprott Junior Copper Miners ETF Price Performance

The company has a 50 day moving average of $43.43 and a 200-day moving average of $39.31. The company has a market cap of $168.58 million, a P/E ratio of 11.67 and a beta of 0.83.

Hedge Funds Weigh In On Sprott Junior Copper Miners ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Client First Investment Management LLC bought a new stake in shares of Sprott Junior Copper Miners ETF in the 4th quarter worth approximately $1,083,000. PNC Financial Services Group Inc. bought a new position in Sprott Junior Copper Miners ETF during the 3rd quarter valued at approximately $783,000. Envestnet Asset Management Inc. purchased a new position in Sprott Junior Copper Miners ETF during the third quarter valued at $390,000. Synergy Asset Management LLC bought a new stake in Sprott Junior Copper Miners ETF in the third quarter worth $376,000. Finally, Susquehanna International Group LLP bought a new stake in Sprott Junior Copper Miners ETF in the third quarter worth $204,000.

Sprott Junior Copper Miners ETF Company Profile

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. COPJ was launched on Feb 1, 2023 and is managed by Sprott.