Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Sees Large Increase in Short Interest

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 44,283 shares, a growth of 58.0% from the November 30th total of 28,033 shares. Approximately 5.2% of the company’s stock are short sold. Based on an average trading volume of 71,788 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 71,788 shares, the days-to-cover ratio is presently 0.6 days. Approximately 5.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Sprott Junior Copper Miners ETF

Several hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new stake in shares of Sprott Junior Copper Miners ETF in the third quarter worth $204,000. Synergy Asset Management LLC acquired a new stake in Sprott Junior Copper Miners ETF in the 3rd quarter valued at $376,000. Envestnet Asset Management Inc. acquired a new stake in Sprott Junior Copper Miners ETF in the 3rd quarter valued at $390,000. PNC Financial Services Group Inc. bought a new stake in Sprott Junior Copper Miners ETF during the 3rd quarter worth about $783,000. Finally, OLD Mission Capital LLC boosted its stake in shares of Sprott Junior Copper Miners ETF by 519.2% during the 1st quarter. OLD Mission Capital LLC now owns 73,696 shares of the company’s stock worth $1,492,000 after buying an additional 61,794 shares during the last quarter.

Sprott Junior Copper Miners ETF Trading Up 2.3%

COPJ stock opened at $39.92 on Monday. The stock has a 50-day moving average price of $36.81 and a two-hundred day moving average price of $30.90. Sprott Junior Copper Miners ETF has a 1 year low of $16.22 and a 1 year high of $41.26. The stock has a market cap of $33.93 million, a PE ratio of 11.67 and a beta of 0.83.

Sprott Junior Copper Miners ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were given a $4.5473 dividend. This represents a yield of 1,272.0%. The ex-dividend date of this dividend was Thursday, December 18th.

Sprott Junior Copper Miners ETF Company Profile

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. COPJ was launched on Feb 1, 2023 and is managed by Sprott.