Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Shares Up 0.2% – Here’s Why

Shares of Sprott Junior Copper Miners ETF (NASDAQ:COPJ) rose 0.2% during trading on Monday . The company traded as high as $38.10 and last traded at $37.69. 36,404 shares changed hands during trading, a decline of 78% from the average daily volume of 168,306 shares. The stock had previously closed at $37.60.

Sprott Junior Copper Miners ETF Price Performance

The company has a market capitalization of $139.08 million, a price-to-earnings ratio of 11.67 and a beta of 1.03. The firm’s 50-day simple moving average is $41.49 and its two-hundred day simple moving average is $42.57.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Client First Investment Management LLC purchased a new stake in Sprott Junior Copper Miners ETF during the fourth quarter worth $1,083,000. NewEdge Advisors LLC acquired a new stake in Sprott Junior Copper Miners ETF in the first quarter valued at $28,000. Royal Bank of Canada increased its position in shares of Sprott Junior Copper Miners ETF by 145.1% in the first quarter. Royal Bank of Canada now owns 9,717 shares of the company’s stock valued at $379,000 after buying an additional 5,752 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Sprott Junior Copper Miners ETF in the first quarter valued at $534,000. Finally, Osaic Holdings Inc. raised its stake in shares of Sprott Junior Copper Miners ETF by 26.9% during the 4th quarter. Osaic Holdings Inc. now owns 3,895 shares of the company’s stock worth $153,000 after buying an additional 825 shares during the last quarter.

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.