Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Short Interest Down 42.8% in May
by Mitch Edgeman · The Markets DailySprott Junior Copper Miners ETF (NASDAQ:COPJ – Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 29,869 shares, a decline of 42.8% from the May 14th total of 52,238 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 78,208 shares, the short-interest ratio is currently 0.4 days.
Hedge Funds Weigh In On Sprott Junior Copper Miners ETF
Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC acquired a new position in Sprott Junior Copper Miners ETF during the first quarter worth $28,000. Trifecta Capital Advisors LLC acquired a new position in shares of Sprott Junior Copper Miners ETF in the first quarter valued at $39,000. Simplex Trading LLC acquired a new position in shares of Sprott Junior Copper Miners ETF in the fourth quarter valued at $121,000. Osaic Holdings Inc. increased its holdings in shares of Sprott Junior Copper Miners ETF by 26.9% in the fourth quarter. Osaic Holdings Inc. now owns 3,895 shares of the company’s stock valued at $153,000 after purchasing an additional 825 shares during the last quarter. Finally, Group One Trading LLC increased its holdings in shares of Sprott Junior Copper Miners ETF by 1,189.6% in the first quarter. Group One Trading LLC now owns 4,978 shares of the company’s stock valued at $194,000 after purchasing an additional 4,592 shares during the last quarter.
Sprott Junior Copper Miners ETF Trading Up 4.1%
Shares of COPJ opened at $42.53 on Friday. The company has a market cap of $173.10 million, a price-to-earnings ratio of 11.67 and a beta of 0.97. Sprott Junior Copper Miners ETF has a 1-year low of $23.02 and a 1-year high of $53.94. The company’s fifty day simple moving average is $42.56 and its 200 day simple moving average is $42.31.
About Sprott Junior Copper Miners ETF
The Sprott Junior Copper Miners ETF (COPJ) is an exchange-traded fund that is based on the Nasdaq Sprott Junior Copper Miners index. The fund seeks to track an index of small copper miners around the globe, primarily those with revenues tied to the mining, development and production of copper. Securities are selected using a fundamental, proprietary methodology and weighted by market cap. COPJ was launched on Feb 1, 2023 and is managed by Sprott.