Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Drops By 28.7%

Sprott Copper Miners ETF (NASDAQ:COPP) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 7,200 shares, a decline of 28.7% from the February 28th total of 10,100 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is currently 0.4 days.

Sprott Copper Miners ETF Trading Down 3.9 %

Shares of NASDAQ:COPP traded down $0.82 during trading on Friday, reaching $20.19. 14,794 shares of the company traded hands, compared to its average volume of 23,270. Sprott Copper Miners ETF has a 52-week low of $18.53 and a 52-week high of $28.84. The business’s fifty day moving average is $20.73 and its 200-day moving average is $22.42. The firm has a market capitalization of $23.22 million, a price-to-earnings ratio of 32.14 and a beta of 0.77.

Institutional Investors Weigh In On Sprott Copper Miners ETF

A hedge fund recently raised its stake in Sprott Copper Miners ETF stock. Corrado Advisors LLC lifted its position in shares of Sprott Copper Miners ETF (NASDAQ:COPP) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,305 shares of the company’s stock after purchasing an additional 4,177 shares during the period. Corrado Advisors LLC owned 2.98% of Sprott Copper Miners ETF worth $704,000 as of its most recent SEC filing.

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.