Sprott Copper Miners ETF (NASDAQ:COPP) Sees Large Increase in Short Interest

Sprott Copper Miners ETF (NASDAQ:COPP) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,300 shares, a growth of 160.0% from the August 15th total of 500 shares. Based on an average daily volume of 19,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of 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 second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 101,424 shares of the company’s stock, valued at approximately $2,543,000. Sprott Copper Miners ETF makes up approximately 2.3% of Sparta 24 Ltd.’s holdings, making the stock its 11th largest holding. Sparta 24 Ltd. owned approximately 9.06% of Sprott Copper Miners ETF at the end of the most recent reporting period.

Sprott Copper Miners ETF Stock Up 1.3 %

Shares of COPP stock traded up $0.30 during trading hours on Friday, reaching $23.03. The company’s stock had a trading volume of 7,103 shares, compared to its average volume of 31,839. Sprott Copper Miners ETF has a fifty-two week low of $20.11 and a fifty-two week high of $28.84. The company’s 50 day moving average is $23.60. The firm has a market capitalization of $25.79 million, a P/E ratio of 41.36 and a beta of 0.77.

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.