Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Sees Significant Decline in Short Interest

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 600 shares, a decline of 33.3% from the November 30th total of 900 shares. Based on an average daily trading volume, of 8,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Sprott Junior Copper Miners ETF

An institutional investor recently raised its position in Sprott Junior Copper Miners ETF stock. HighTower Advisors LLC grew its holdings in Sprott Junior Copper Miners ETF (NASDAQ:COPJ) by 23.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,298 shares of the company’s stock after acquiring an additional 6,968 shares during the quarter. HighTower Advisors LLC owned 7.26% of Sprott Junior Copper Miners ETF worth $856,000 at the end of the most recent reporting period.

Sprott Junior Copper Miners ETF Trading Down 0.8 %

Shares of NASDAQ:COPJ traded down $0.14 during mid-day trading on Friday, reaching $18.36. The stock had a trading volume of 14,221 shares, compared to its average volume of 10,074. The firm has a market cap of $9.18 million, a PE ratio of 11.30 and a beta of -1.84. The firm has a 50 day simple moving average of $21.20 and a two-hundred day simple moving average of $21.55. Sprott Junior Copper Miners ETF has a twelve month low of $16.47 and a twelve month high of $26.43.

Sprott Junior Copper Miners ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 12th were given a dividend of $2.148 per share. The ex-dividend date of this dividend was Thursday, December 12th.

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.