Sprott Copper Miners ETF (NASDAQ:COPP) Sees Large Growth in Short Interest

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 1,300 shares, a growth of 160.0% from the August 15th total of 500 shares. Based on an average daily volume of 19,800 shares, the days-to-cover ratio is currently 0.1 days.

Sprott Copper Miners ETF Trading Up 1.3 %

COPP stock opened at $23.03 on Friday. The stock has a market capitalization of $25.79 million, a price-to-earnings ratio of 41.36 and a beta of 0.77. Sprott Copper Miners ETF has a one year low of $20.11 and a one year high of $28.84. The firm’s 50-day moving average price is $23.60.

Institutional Trading of Sprott Copper Miners ETF

A hedge fund recently bought a new stake in Sprott Copper Miners ETF stock. Sparta 24 Ltd. bought a new stake in shares of Sprott Copper Miners ETF (NASDAQ:COPP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 101,424 shares of the company’s stock, valued at approximately $2,543,000. Sprott Copper Miners ETF comprises about 2.3% of Sparta 24 Ltd.’s portfolio, making the stock its 11th biggest holding. Sparta 24 Ltd. owned approximately 9.06% of Sprott Copper Miners ETF as of its most recent SEC filing.

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.