Sprott Copper Miners ETF (NASDAQ:COPP) Trading Down 5.2% – Time to Sell?

Sprott Copper Miners ETF (NASDAQ:COPP)’s share price traded down 5.2% during mid-day trading on Wednesday . The company traded as low as $33.99 and last traded at $34.20. 239,671 shares were traded during trading, a decline of 42% from the average session volume of 416,786 shares. The stock had previously closed at $36.08.

Sprott Copper Miners ETF Stock Performance

The company’s 50-day simple moving average is $40.07 and its 200 day simple moving average is $33.45. The company has a market cap of $215.46 million, a PE ratio of 30.50 and a beta of 0.67.

Institutional Trading of Sprott Copper Miners ETF

Several hedge funds have recently added to or reduced their stakes in COPP. Caitlin John LLC purchased a new stake in shares of Sprott Copper Miners ETF in the 4th quarter valued at approximately $25,000. Blue Trust Inc. acquired a new position in shares of Sprott Copper Miners ETF during the fourth quarter worth $37,000. AdvisorNet Financial Inc acquired a new position in shares of Sprott Copper Miners ETF during the third quarter worth $49,000. Federation des caisses Desjardins du Quebec purchased a new position in Sprott Copper Miners ETF in the fourth quarter valued at $92,000. Finally, Bank of Montreal Can purchased a new position in Sprott Copper Miners ETF in the second quarter valued at $62,000.

Sprott Copper Miners ETF Company Profile

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.