Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Expands By 20.8%

Posted by Elija Maina on Jan 19th, 2025

Sprott Copper Miners ETF (NASDAQ:COPP – Get Free Report) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 2,900 shares, a growth of 20.8% from the December 15th total of 2,400 shares. Based on an average daily volume of 17,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in Sprott Copper Miners ETF in the 3rd quarter worth approximately $3,641,000. Corrado Advisors LLC lifted its stake in shares of Sprott Copper Miners ETF by 4.0% in the 3rd quarter. Corrado Advisors LLC now owns 30,128 shares of the company’s stock valued at $783,000 after purchasing an additional 1,158 shares during the period. Finally, OneDigital Investment Advisors LLC purchased a new stake in Sprott Copper Miners ETF during the third quarter worth $201,000.

Sprott Copper Miners ETF Stock Performance

NASDAQ:COPP opened at $21.27 on Friday. The firm’s fifty day moving average is $22.03 and its two-hundred day moving average is $23.50. The firm has a market cap of $24.46 million, a price-to-earnings ratio of 41.36 and a beta of 0.77. Sprott Copper Miners ETF has a one year low of $20.11 and a one year high of $28.84.

Sprott Copper Miners ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 12th were issued a dividend of $0.5308 per share. The ex-dividend date was Thursday, December 12th.

Sprott Copper Miners ETF Company Profile

(Get Free Report)

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.