Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Increases By 65.6%

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 5,300 shares, an increase of 65.6% from the October 31st total of 3,200 shares. Based on an average trading volume of 15,900 shares, the days-to-cover ratio is presently 0.3 days.

Sprott Copper Miners ETF Stock Up 0.8 %

NASDAQ COPP opened at $23.09 on Friday. The stock has a market capitalization of $25.86 million, a P/E ratio of 41.36 and a beta of 0.77. Sprott Copper Miners ETF has a 52-week low of $20.11 and a 52-week high of $28.84. The firm has a 50-day moving average price of $24.63 and a 200 day moving average price of $24.61.

Hedge Funds Weigh In On Sprott Copper Miners ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC purchased a new stake in shares of Sprott Copper Miners ETF in the third quarter valued at approximately $201,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Sprott Copper Miners ETF during the 2nd quarter worth $772,000. Corrado Advisors LLC grew its stake in shares of Sprott Copper Miners ETF by 4.0% during the 3rd quarter. Corrado Advisors LLC now owns 30,128 shares of the company’s stock worth $783,000 after purchasing an additional 1,158 shares during the period. Sparta 24 Ltd. purchased a new position in shares of Sprott Copper Miners ETF in the 2nd quarter valued at about $2,543,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Sprott Copper Miners ETF in the 3rd quarter valued at about $3,641,000.

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.