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

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 52,238 shares, a growth of 623.4% from the April 30th total of 7,221 shares. Based on an average daily trading volume, of 120,195 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.3% of the company’s stock are sold short.

Sprott Junior Copper Miners ETF Trading Down 2.5%

Shares of Sprott Junior Copper Miners ETF stock opened at $43.25 on Thursday. Sprott Junior Copper Miners ETF has a 1 year low of $21.80 and a 1 year high of $53.94. The company has a market cap of $176.03 million, a P/E ratio of 11.67 and a beta of 0.95. The stock has a 50-day moving average price of $41.20 and a 200 day moving average price of $41.69.

Institutional Trading of Sprott Junior Copper Miners ETF

A number of hedge funds have recently made changes to their positions in the stock. Trifecta Capital Advisors LLC acquired a new stake in shares of Sprott Junior Copper Miners ETF during the first quarter worth approximately $39,000. Simplex Trading LLC purchased a new stake in Sprott Junior Copper Miners ETF in the 4th quarter worth approximately $121,000. Osaic Holdings Inc. boosted its stake in shares of Sprott Junior Copper Miners ETF by 26.9% during the 4th quarter. Osaic Holdings Inc. now owns 3,895 shares of the company’s stock valued at $153,000 after buying an additional 825 shares during the period. Group One Trading LLC boosted its stake in shares of Sprott Junior Copper Miners ETF by 1,189.6% during the 1st quarter. Group One Trading LLC now owns 4,978 shares of the company’s stock valued at $194,000 after buying an additional 4,592 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in shares of Sprott Junior Copper Miners ETF during the 3rd quarter valued at $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.