Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Short Interest Up 58.0% in December

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 44,283 shares, a growth of 58.0% from the November 30th total of 28,033 shares. Currently, 5.2% of the shares of the company are short sold. Based on an average trading volume of 71,788 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 71,788 shares, the days-to-cover ratio is presently 0.6 days. Currently, 5.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. OLD Mission Capital LLC boosted its stake in shares of Sprott Junior Copper Miners ETF by 519.2% in the first quarter. OLD Mission Capital LLC now owns 73,696 shares of the company’s stock worth $1,492,000 after acquiring an additional 61,794 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of Sprott Junior Copper Miners ETF during the third quarter valued at approximately $783,000. Envestnet Asset Management Inc. purchased a new position in shares of Sprott Junior Copper Miners ETF in the third quarter worth $390,000. Synergy Asset Management LLC bought a new position in shares of Sprott Junior Copper Miners ETF during the third quarter worth $376,000. Finally, Susquehanna International Group LLP bought a new position in shares of Sprott Junior Copper Miners ETF during the third quarter worth $204,000.

Sprott Junior Copper Miners ETF Price Performance

Shares of NASDAQ:COPJ opened at $39.14 on Tuesday. The company has a market capitalization of $33.27 million, a P/E ratio of 11.67 and a beta of 0.83. Sprott Junior Copper Miners ETF has a 1-year low of $16.22 and a 1-year high of $41.26. The firm’s 50 day simple moving average is $36.87 and its two-hundred day simple moving average is $31.01.

Sprott Junior Copper Miners ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were issued a $4.5473 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a yield of 1,272.0%.

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.