Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Shares Down 1.6% – Should You Sell?

Shares of Sprott Junior Copper Miners ETF (NASDAQ:COPJ) traded down 1.6% during mid-day trading on Wednesday . The company traded as low as $36.71 and last traded at $37.98. 57,349 shares were traded during trading, an increase of 257% from the average session volume of 16,045 shares. The stock had previously closed at $38.61.

Sprott Junior Copper Miners ETF Price Performance

The stock has a market cap of $32.28 million, a price-to-earnings ratio of 11.67 and a beta of -1.84. The business’s 50-day simple moving average is $29.40 and its two-hundred day simple moving average is $24.83.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of COPJ. Cambridge Investment Research Advisors Inc. increased its holdings in Sprott Junior Copper Miners ETF by 4.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,818 shares of the company’s stock worth $300,000 after purchasing an additional 667 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Sprott Junior Copper Miners ETF by 35.7% during the first quarter. HighTower Advisors LLC now owns 42,195 shares of the company’s stock worth $854,000 after purchasing an additional 11,090 shares during the last quarter. Finally, OLD Mission Capital LLC increased its stake in shares of Sprott Junior Copper Miners ETF by 519.2% in the first quarter. OLD Mission Capital LLC now owns 73,696 shares of the company’s stock valued at $1,492,000 after buying an additional 61,794 shares during the period.

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.