Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Down 85.1% in February

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 155,479 shares, a decline of 85.1% from the January 29th total of 1,043,200 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average trading volume of 367,728 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 367,728 shares, the days-to-cover ratio is currently 0.4 days. Currently, 2.5% of the company’s stock are short sold.

Institutional Trading of Sprott Copper Miners ETF

A number of hedge funds have recently modified their holdings of COPP. Corrado Advisors LLC grew its position in shares of Sprott Copper Miners ETF by 2.7% in the 4th quarter. Corrado Advisors LLC now owns 44,751 shares of the company’s stock worth $1,558,000 after buying an additional 1,156 shares during the period. J.W. Cole Advisors Inc. purchased a new position in Sprott Copper Miners ETF during the 4th quarter valued at about $860,000. Susquehanna International Group LLP boosted its stake 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 acquiring an additional 3,675 shares in the last quarter. Jane Street Group LLC purchased a new stake in Sprott Copper Miners ETF in the second quarter worth about $427,000. Finally, Sprott Inc. grew its holdings in Sprott Copper Miners ETF by 50.9% in the fourth quarter. Sprott Inc. now owns 11,242 shares of the company’s stock worth $391,000 after purchasing an additional 3,790 shares during the period.

Sprott Copper Miners ETF Stock Performance

Shares of NASDAQ:COPP opened at $44.38 on Thursday. Sprott Copper Miners ETF has a 52-week low of $15.38 and a 52-week high of $47.46. The firm has a market capitalization of $279.59 million, a P/E ratio of 30.50 and a beta of 0.67. The stock has a 50 day moving average price of $38.95 and a 200-day moving average price of $31.83.

Sprott Copper Miners ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were issued a $0.8237 dividend. The ex-dividend date was Thursday, December 18th. This represents a yield of 251.0%.

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.