Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Decreases By 71.7%

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 1,500 shares, a decline of 71.7% from the November 15th total of 5,300 shares. Based on an average trading volume of 16,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Sprott Copper Miners ETF

Large investors have recently bought and sold shares of the company. OneDigital Investment Advisors LLC bought a new stake in shares of Sprott Copper Miners ETF during the 3rd quarter valued at $201,000. Corrado Advisors LLC lifted its position in Sprott Copper Miners ETF by 4.0% during the 3rd quarter. Corrado Advisors LLC now owns 30,128 shares of the company’s stock valued at $783,000 after acquiring an additional 1,158 shares during the period. SeaCrest Wealth Management LLC bought a new stake in Sprott Copper Miners ETF during the second quarter worth about $772,000. Sparta 24 Ltd. purchased a new stake in Sprott Copper Miners ETF in the second quarter worth about $2,543,000. Finally, International Assets Investment Management LLC bought a new position in shares of Sprott Copper Miners ETF during the third quarter valued at approximately $3,641,000.

Sprott Copper Miners ETF Stock Up 0.4 %

Shares of COPP traded up $0.09 during trading hours on Wednesday, reaching $23.40. 22,158 shares of the company traded hands, compared to its average volume of 26,985. Sprott Copper Miners ETF has a 12 month low of $20.11 and a 12 month high of $28.84. The company’s fifty day moving average price is $24.22 and its two-hundred day moving average price is $24.34. The company has a market capitalization of $26.21 million, a price-to-earnings ratio of 41.36 and a beta of 0.77.

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.