Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Up 20.8% in March

Sprott Copper Miners ETF (NASDAQ:COPP) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 8,700 shares, a growth of 20.8% from the March 15th total of 7,200 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 18,000 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Sprott Copper Miners ETF

An institutional investor recently raised its position in Sprott Copper Miners ETF stock. Corrado Advisors LLC grew its position in shares of Sprott Copper Miners ETF (NASDAQ:COPP) by 13.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,305 shares of the company’s stock after acquiring an additional 4,177 shares during the quarter. Corrado Advisors LLC owned about 2.98% of Sprott Copper Miners ETF worth $704,000 at the end of the most recent quarter.

Sprott Copper Miners ETF Stock Down 0.1 %

Shares of NASDAQ COPP opened at $18.23 on Monday. The firm has a 50-day moving average price of $19.76 and a 200 day moving average price of $21.60. Sprott Copper Miners ETF has a 52 week low of $15.38 and a 52 week high of $28.84. The stock has a market capitalization of $21.51 million, a price-to-earnings ratio of 21.06 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.