Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Short Interest Update

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 38,904 shares, a drop of 63.2% from the August 15th total of 105,817 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average trading volume of 91,536 shares, the days-to-cover ratio is currently 0.4 days.

Sprott Junior Copper Miners ETF Stock Performance

Shares of NASDAQ:COPJ traded up $0.43 on Friday, hitting $45.44. The stock had a trading volume of 53,838 shares, compared to its average volume of 149,541. The firm’s 50 day moving average price is $42.95 and its 200-day moving average price is $42.33. Sprott Junior Copper Miners ETF has a twelve month low of $28.00 and a twelve month high of $53.94. The company has a market capitalization of $167.67 million, a price-to-earnings ratio of 11.67 and a beta of 1.06.

Institutional Trading of Sprott Junior Copper Miners ETF

Several large investors have recently added to or reduced their stakes in COPJ. Pine Valley Investments Ltd Liability Co increased its holdings in shares of Sprott Junior Copper Miners ETF by 42.9% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 27,568 shares of the company’s stock worth $1,074,000 after buying an additional 8,270 shares in the last quarter. Client First Investment Management LLC bought a new stake in Sprott Junior Copper Miners ETF during the 4th quarter worth approximately $1,083,000. PNC Financial Services Group Inc. grew its position in Sprott Junior Copper Miners ETF by 9.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 26,938 shares of the company’s stock worth $1,050,000 after acquiring an additional 2,336 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Sprott Junior Copper Miners ETF during the 1st quarter valued at $534,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Sprott Junior Copper Miners ETF during the 3rd quarter valued at $390,000.

About Sprott Junior Copper Miners ETF

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.