Short Interest in Sprott Copper Miners ETF (NASDAQ:COPP) Grows By 390.7%

Sprott Copper Miners ETF (NASDAQ:COPP) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 73,196 shares, an increase of 390.7% from the December 15th total of 14,917 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average daily volume of 150,023 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 150,023 shares, the short-interest ratio is currently 0.5 days. Approximately 2.4% of the company’s stock are sold short.

Sprott Copper Miners ETF Stock Performance

Shares of COPP stock opened at $39.55 on Thursday. The company has a market capitalization of $133.68 million, a price-to-earnings ratio of 30.50 and a beta of 0.67. Sprott Copper Miners ETF has a 52-week low of $15.38 and a 52-week high of $39.68. The company has a 50-day simple moving average of $32.72 and a two-hundred day simple moving average of $28.06.

Sprott Copper Miners ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were given a dividend of $0.8237 per share. This represents a dividend yield of 251.0%. The ex-dividend date of this dividend was Thursday, December 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of Sprott Copper Miners ETF during the 2nd quarter valued at $427,000. Sprott Inc. bought a new position in Sprott Copper Miners ETF during the third quarter valued at about $211,000. Smith Moore & CO. purchased a new stake in Sprott Copper Miners ETF during the third quarter worth about $204,000. Susquehanna International Group LLP increased its holdings in Sprott Copper Miners ETF by 17.9% during the third quarter. Susquehanna International Group LLP now owns 24,154 shares of the company’s stock worth $683,000 after buying an additional 3,675 shares during the last quarter. Finally, Corrado Advisors LLC raised its position in Sprott Copper Miners ETF by 9.5% in the second quarter. Corrado Advisors LLC now owns 41,336 shares of the company’s stock worth $957,000 after acquiring an additional 3,600 shares during the period.

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. COPP was launched on Mar 5, 2024 and is issued by Sprott.