Sprott Copper Miners ETF (NASDAQ:COPP) Trading 2% Higher – Should You Buy?

Shares of Sprott Copper Miners ETF (NASDAQ:COPP) traded up 2% during mid-day trading on Friday . The company traded as high as $26.08 and last traded at $26.08. 12,184 shares changed hands during trading, a decline of 61% from the average session volume of 30,873 shares. The stock had previously closed at $25.57.

Sprott Copper Miners ETF Trading Up 2.0 %

The company has a market cap of $29.21 million, a P/E ratio of 41.36 and a beta of 0.77. The stock’s 50-day moving average price is $23.60 and its 200-day moving average price is $24.64.

Hedge Funds Weigh In On Sprott Copper Miners ETF

An institutional investor recently bought a new position in Sprott Copper Miners ETF stock. SeaCrest Wealth Management LLC purchased a new stake in Sprott Copper Miners ETF (NASDAQ:COPP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,804 shares of the company’s stock, valued at approximately $772,000. SeaCrest Wealth Management LLC owned approximately 2.88% of Sprott Copper Miners ETF as of its most recent filing with the Securities and Exchange Commission.

Sprott Copper Miners ETF Company Profile

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.