Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Update

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

Sprott Copper Miners ETF Price Performance

COPP opened at $23.03 on Friday. The business has a 50 day simple moving average of $23.60. The stock has a market cap of $25.79 million, a price-to-earnings ratio of 41.36 and a beta of 0.77. Sprott Copper Miners ETF has a 1-year low of $20.11 and a 1-year high of $28.84.

Hedge Funds Weigh In On Sprott Copper Miners ETF

A hedge fund recently bought a new stake in Sprott Copper Miners ETF stock. Sparta 24 Ltd. bought a new stake in Sprott Copper Miners ETF (NASDAQ:COPP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 101,424 shares of the company’s stock, valued at approximately $2,543,000. Sprott Copper Miners ETF accounts for 2.3% of Sparta 24 Ltd.’s investment portfolio, making the stock its 11th biggest position. Sparta 24 Ltd. owned 9.06% of Sprott Copper Miners ETF as of its most recent SEC filing.

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.