Sprott Copper Miners ETF (NASDAQ:COPP) Shares Up 2.2% – Time to Buy?

Sprott Copper Miners ETF (NASDAQ:COPP) shares traded up 2.2% during mid-day trading on Monday . The company traded as high as $22.14 and last traded at $21.94. 47,208 shares changed hands during trading, an increase of 103% from the average session volume of 23,272 shares. The stock had previously closed at $21.47.

Sprott Copper Miners ETF Stock Up 2.2 %

The business has a 50-day moving average price of $20.72 and a 200-day moving average price of $22.44. The firm has a market capitalization of $25.23 million, a P/E ratio of 32.14 and a beta of 0.77.

Hedge Funds Weigh In On Sprott Copper Miners ETF

A hedge fund recently raised its stake in Sprott Copper Miners ETF stock. Corrado Advisors LLC boosted its holdings in Sprott Copper Miners ETF (NASDAQ:COPP) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,305 shares of the company’s stock after acquiring an additional 4,177 shares during the quarter. Corrado Advisors LLC owned 2.98% of Sprott Copper Miners ETF worth $704,000 at the end of the most recent quarter.

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.